March Madness 2013 is in full swing. The NCAA brackets are shrinking and soon we’ll find out who dominates college basketball. Will it be Louisville? Duke? Oregon? Who are you cheering for?
But no March Madness talk is complete without mentioning the traditional office pool. According to some estimates, 1 in 5 employees participate in March Madness festivities at work. Sports are a great way to de-stress and bond with your coworkers over a little friendly competition!
In 2010, 41% of office managers said college basketball playoffs boosted worker morale (the remaining percent believe March Madness has no strong effect). Read on to learn some other March Madness stats in the infographic below.
How March Madness Affects Worker Morale and Productivity Statistics (Infographic)
TurboTax released a fun infographic about March Madness in the work place:
As TurboTax reminds us, if you do win big in the company office pool you’ll have to report your prize on your tax return. Winnings are counted as income. You may also be able to itemize your losses as deductions. Talk to your tax preparer or contact TurboTax support for details.
How Are Your Brackets Doing?
Are you mad for March Madness? How’s your team doing? Tell us about it in the comments!
Remember, if you’re trying to score tickets to the championship finals, follow our ticket-buying safety tips to avoid being scammed on Craigslist.