March Madness: Worker productivity drops during NCAA
March Madness may seem like a holiday to sports fans. But unlike holidays most people are expected to still be at work.
The combination of people calling off work, or watching games online during work hours - even filling out last-minute brackets - is a costly one. One annual study estimates lost worker productivity totaling $134 million for just the first two days of the tournament.
But according to that company's CEO, it "won't even register as a blip in the overall economy... sequestration is going to have a far bigger impact.”
Fantasy football costs more than $6 billion in lost worker productivity every year. March Madness is more in line with the World Cup or cyber Monday sales and Apple product announcements.