Hoop scoop.
Author | Pomeranz, Jim |
Position | NC TREND: March Madness |
March 17 kicks off three weekends of nonstop hype, carousing and advertising, mixed in with a little basketball. Here are some things to know about March Madness, the NCAA men's basketball tournament.
$100 MILLION IN LOST PRODUCTIVITY IN THE FIRST WEEK
About a third of North Carolina workers will pay close attention to the tournament in the event's first week, costing lost productivity of at least $100 million, according to Andrew Challenger, vice president of Chicago-based HR consultants Challenger, Gray & Christmas. Based on TV viewership and average wage data, he calls it a nonscientific calculation that "would not pass muster anywhere within Research Triangle Park."
WHAT ARE THE ODDS
Will North Carolina or Duke win it all? Early February odds of a Blue Devil victory were 9 to 1, while the Tar Heels were at 10 to 1, says Vegasinsider.com and sportsbook.ag. The favorite is Kentucky at 15 to 2, while Kansas and UCLA were at 8 to 1.
VIVA LAS VEGAS
More than $240 million is expected to be bet on March Madness in Las Vegas, trouncing the $140 million wagered on the recent Super Bowl. As of mid-February, last-minute fares between North Carolina's two big airports and Nevada cost as much as $1,700.
CLICKS PICK UP
WRAL.com sees a 50% increase in page views and unique visitors during the first week of the tournament, says Aaron Schoonmaker, senior sports web editor. The Raleigh-based division of Capitol Broadcasting Co. averages 90 million page views per...
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