Millions of people all over the country are filling out March Madness brackets right now, and probably throwing a few dollars into the pool. And all of that is technically illegal.
According to a new study, Americans will gamble approximately $10 BILLION on the NCAA tournament this year. And 97% of those bets are ILLEGAL. The only legal way to bet on sports in America right now is at Nevada sports books.
Now, the odds are the Feds AREN’T going to bust down your door because you’re running a 20-person pool where the winner gets $200 . . . but they COULD.
The March Madness play-in games are going on now and the “real” tournament starts Thursday. So let’s hope you don’t have too much work to do.
According to a new study, the average person will spend six hours distracted at work during the tournament . . . whether it’s watching the games, checking scores, or messing around with their bracket.
And overall, the tournament should cost companies $2.3 BILLION in lost productivity this year.
(PR Newswire / Fox 32 – Chicago)