BIG BETTING ON NCAA TOURNAMENT

In today’s Numbers Pulled Out Of Thin Air Report, the American Gaming Association predicts that $3.1 billion will be wagered on this year’s NCAA tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites. The AGA claims that more than 17% of American adults will place at least one bet on the tournament.
* I got $20 says the number’s not that high.
* Isn’t everybody flat broke by now with the flood of betting apps?
* And why isn’t it called the American Stealing Association?
And in further different Numbers Pulled Out Of Thin Air, according to a WalletHub survey, American businesses lose $13.8 billion each year because employees are less productive during March Madness, with 56% of millennial workers admitting they’re willing to miss a work deadline in order to watch their team play in March Madness.
* Since when does a millennial ever worry about a deadline the rest of the year? Since when does a millennial even KNOW what a deadline is?
* March Madness. Gamblers lose money … businesses lose money. More like March Sadness.