This is how much March Madness costs your office

With March Madness in full swing, it’s not just brackets that are being busted.

The average American may be spending more money than usual. According to WalletHub, the average bet on the NCAA Tournament is $20 to $50, and there is 20 percent and 24 percent increase in beer sales and chicken wing orders during the tournament, respectively.

Office productivity may take a hit, too. WalletHub estimates employers face $4 billion in corporate losses due to unproductive workers during March Madness.

Here are some fun March Madness facts:

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$8.5 billion

The amount that will be wagered on this year’s tournament, according to the American Gaming Association. This is down from the estimated $10 billion in bets from last year’s tournament.

A gambler looks over a race and sports book sheet for the NCAA basketball tournament Thursday, March 21, 2019, at the Borgata casino in Atlantic City N.J. This is the first March Madness tournament since legal gambling expanded last year following a U.S. Supreme Court ruling involving a case brought by New Jersey. (AP Photo/Wayne Parry) (Photo: The Associated Press)

56 percent

The percentage of millennials who would be willing to miss a work deadline because of March Madness, according to WalletHub.

1 in 9.2 quintillion

The odds of picking all 63 games correctly in a bracket for the NCAA Basketball Tournament. 

March Madness logo at mid court. (Photo: Kirby Lee, USA TODAY Sports)

$19.6 billion

From 2011 to 2032, The amount CBS /Turner will pay from 2011 to 2032 for the TV/streaming rights to the NCAA Basketball Tournament.

14

The number of cities that will host the 2019 NCAA Basketball Tournament.

Six hours

The amount of time spent watching March Madness by the average worker, according to WalletHub. 

 $1.32 billion

The total amount of ad revenue from the 2018 NCAA Basketball Tournament.

Over 97 million

The amount of U.S. viewers who tuned in to watch March Madness in 2018.

Murray State guard Ja Morant dunks against Marquette. (Photo: David Butler II, USA TODAY Sports)

$0

The amount of money the NCAA pays the players participating in the tournament.

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Round of 32: Kentucky guard Ashton Hagans defends during the Wildcats' win over the Wofford Terriers.Round of 32: Kentucky guard Ashton Hagans defends during the Wildcats’ win over the Wofford Terriers. Matt Stamey, USA TODAY SportsFullscreenRound of 32: LSU guard Tremont Waters celebrates a basket during the Tigers' win over the Maryland Terrapins. Waters hit the game-winning shot in the final seconds.Round of 32: LSU guard Tremont Waters celebrates a basket during the Tigers’ win over the Maryland Terrapins. Waters hit the game-winning shot in the final seconds. John David Mercer, USA TODAY SportsFullscreenFirst round: RJ Barrett dunks as Zion Williamson celebrates during Duke's win over the North Dakota State Bison. The two freshmen combined for 51 points.First round: RJ Barrett dunks as Zion Williamson celebrates during Duke’s win over the North Dakota State Bison. The two freshmen combined for 51 points. Kevin C. Cox, Getty ImagesFullscreenFirst round: Virginia Tech Hokies guard Ahmed Hill and forward Kerry Blackshear Jr. celebrate during their team's win over the Saint Louis Billikens.First round: Virginia Tech Hokies guard Ahmed Hill and forward Kerry Blackshear Jr. celebrate during their team’s win over the Saint Louis Billikens. Kelley L Cox, USA TODAY SportsFullscreenFirst round: North Carolina guard Coby White goes to the basket during the Tar Heels' win over the Iona Gaels.First round: North Carolina guard Coby White goes to the basket during the Tar Heels’ win over the Iona Gaels. Kevin Jairaj, USA TODAY SportsFullscreenFirst round: Ohio State Buckeyes guard Musa Jallow celebrates during his team's win over the Iowa State Cyclones.First round: Ohio State Buckeyes guard Musa Jallow celebrates during his team’s win over the Iowa State Cyclones. Mark J. Rebilas, USA TODAY SportsFullscreenFirst round: UCF's Tacko Fall blocks De'Riante Jenkins' shot during his team's win over VCU. Fall, a 7-6 center, had five blocks in the win.First round: UCF’s Tacko Fall blocks De’Riante Jenkins’ shot during his team’s win over VCU. Fall, a 7-6 center, had five blocks in the win. Kevin C. Cox, Getty ImagesFullscreenFirst round: Liberty guard Caleb Homesley (game-high 30 points) celebrates the No. 12 Flames' upset of the No. 5 Mississippi State Bulldogs.First round: Liberty guard Caleb Homesley (game-high 30 points) celebrates the No. 12 Flames’ upset of the No. 5 Mississippi State Bulldogs. Kyle Terada, USA TODAY SportsFullscreenFirst round: Washington Huskies guard David Crisp shoots the ball during his team's win over the Utah State Aggies.First round: Washington Huskies guard David Crisp shoots the ball during his team’s win over the Utah State Aggies. Rick Osentoski, USA TODAY SportsFullscreenFirst round: Houston forward Brison Gresham protects the rim during his team's win over Georgia State.First round: Houston forward Brison Gresham protects the rim during his team’s win over Georgia State. Brett Rojo, USA TODAY SportsFullscreenFirst round: Wisconsin guard Kobe King shoots while being defended by Oregon forwards Louis King and Kenny Wooten during the Ducks' win over the Badgers.First round: Wisconsin guard Kobe King shoots while being defended by Oregon forwards Louis King and Kenny Wooten during the Ducks’ win over the Badgers. Kelley L Cox, USA TODAY SportsFullscreenFirst round: Buffalo Bulls guard Jayvon Graves goes up for a dunk during his team's win over the Arizona State Sun Devils.First round: Buffalo Bulls guard Jayvon Graves goes up for a dunk during his team’s win over the Arizona State Sun Devils. Brett Rojo, USA TODAY SportsFullscreenFirst round: No 16-over-1 upset this time! Virginia guard De'Andre Hunter celebrates after making a shot during the second half against Gardner-Webb. The Cavaliers fell behind early but went on to win, 71-56.First round: No 16-over-1 upset this time! Virginia guard De’Andre Hunter celebrates after making a shot during the second half against Gardner-Webb. The Cavaliers fell behind early but went on to win, 71-56. Bob Donnan, USA TODAY SportsFullscreenFirst round: Tennessee guard Admiral Schofield flexes during the Volunteers' win over the Colgate Raiders.First round: Tennessee guard Admiral Schofield flexes during the Volunteers’ win over the Colgate Raiders. Rick Osentoski, USA TODAY SportsFullscreenFirst round: UC Irvine Anteaters guards Max Hazzard and Evan Leonard celebrate during their team's upset win over Kansas State.First round: UC Irvine Anteaters guards Max Hazzard and Evan Leonard celebrate during their team’s upset win over Kansas State. Kyle Terada, USA TODAY SportsFullscreenFirst round: Texas Tech Red Raiders head coach Chris Beard celebrates during his team's win over Northern Kentucky.First round: Texas Tech Red Raiders head coach Chris Beard celebrates during his team’s win over Northern Kentucky. Brett Rojo, USA TODAY SportsFullscreenFirst round: Oklahoma guard Aaron Calixte goes up for a layup during the Sooners' rout of Ole Miss.First round: Oklahoma guard Aaron Calixte goes up for a layup during the Sooners’ rout of Ole Miss. Bob Donnan, USA TODAY SportsFullscreenFirst round: Iowa Hawkeyes guard Jordan Bohannon shoots the ball during his team's win over the Cincinnati Bearcats.First round: Iowa Hawkeyes guard Jordan Bohannon shoots the ball during his team’s win over the Cincinnati Bearcats. Kevin Jairaj, USA TODAY SportsFullscreenFirst round: Michigan forward Ignas Brazdeikis dunks the ball during the Wolverines' dominant win over Montana.First round: Michigan forward Ignas Brazdeikis dunks the ball during the Wolverines’ dominant win over Montana. Steven Branscombe, USA TODAY SportsFullscreenFirst round: Wofford guard Fletcher Magee celebrates with teammates after scoring against Seton Hall. Magee became the NCAA’s Division I all-time leader in career 3-pointers during the win.First round: Wofford guard Fletcher Magee celebrates with teammates after scoring against Seton Hall. Magee became the NCAA’s Division I all-time leader in career 3-pointers during the win. Matt Stamey, USA TODAY SportsFullscreenFirst round: Syracuse forward Marek Dolezaj dives for a loose ball during the Orange's loss to Baylor.First round: Syracuse forward Marek Dolezaj dives for a loose ball during the Orange’s loss to Baylor. Gary A. Vasquez, USA TODAY SportsFullscreenFirst round: Purdue center Matt Haarms celebrates after a score against Old Dominion.First round: Purdue center Matt Haarms celebrates after a score against Old Dominion. David Butler II, USA TODAY SportsFullscreenFirst round: Villanova forward Jermaine Samuels celebrates after scoring against St. Mary's.First round: Villanova forward Jermaine Samuels celebrates after scoring against St. Mary’s. David Butler II, USA TODAY SportsFullscreenFirst round: Gonzaga forward Brandon Clarke dunks the ball against Fairleigh Dickinson.First round: Gonzaga forward Brandon Clarke dunks the ball against Fairleigh Dickinson. Gary A. Vasquez, USA TODAY SportsFullscreenFirst round: Nevada forward Caleb Martin drives to the basket against Florida center Kevarrius Hayes. Martin struggled in the loss, shooting just 5-22 from the field.First round: Nevada forward Caleb Martin drives to the basket against Florida center Kevarrius Hayes. Martin struggled in the loss, shooting just 5-22 from the field. Jeffrey Becker, USA TODAY SportsFullscreenFirst round: Kentucky forward Nick Richards dunks the ball against Abilene Christian. The Wildcats rolled to a 35-point victory.First round: Kentucky forward Nick Richards dunks the ball against Abilene Christian. The Wildcats rolled to a 35-point victory. John David Mercer, USA TODAY SportsFullscreenFirst round: Ja Morant celebrates during Murray State's upset win over Marquette -- a game in which he recorded a triple-double.First round: Ja Morant celebrates during Murray State’s upset win over Marquette — a game in which he recorded a triple-double. Maddie Meyer, Getty ImagesFullscreenFirst round: Kansas' Dedric Lawson celebrates during the Jayhawks' rout of Northeastern.First round: Kansas’ Dedric Lawson celebrates during the Jayhawks’ rout of Northeastern. Patrick Smith, Getty ImagesFullscreenFirst round: Maryland's Jalen Smith throws down a huge dunk over Belmont's Dylan Windler in the Terps' win.First round: Maryland’s Jalen Smith throws down a huge dunk over Belmont’s Dylan Windler in the Terps’ win. Sam Greenwood, Getty ImagesFullscreenFirst round: Michigan State head coach Tom Izzo chews out Aaron Henry during the Spartans' win over Bradley.First round: Michigan State head coach Tom Izzo chews out Aaron Henry during the Spartans’ win over Bradley. Jamie Squire, Getty ImagesFullscreenFirst round: Florida State Seminoles forward Mfiondu Kabengele, who had a game-high 21 points in the win over Vermont, slams it down with authority.First round: Florida State Seminoles forward Mfiondu Kabengele, who had a game-high 21 points in the win over Vermont, slams it down with authority. Robert Deutsch, USA TODAY SportsFullscreenFirst round: Auburn Tigers forward Anfernee McLemore reacts to the win as New Mexico State Aggies guard Trevelin Queen reacts to the loss.First round: Auburn Tigers forward Anfernee McLemore reacts to the win as New Mexico State Aggies guard Trevelin Queen reacts to the loss. Gary A. Vasquez, USA TODAY SportsFullscreenFirst round: LSU Tigers players, playing without suspended head coach Will Wade, huddle up during their win over the Yale Bulldogs.First round: LSU Tigers players, playing without suspended head coach Will Wade, huddle up during their win over the Yale Bulldogs. John David Mercer, USA TODAY SportsFullscreenFirst round: The opening tip of the game between the Minnesota Golden Gophers and Louisville Cardinals -- the first game of the tournament.First round: The opening tip of the game between the Minnesota Golden Gophers and Louisville Cardinals — the first game of the tournament. Jeffrey Becker, USA TODAY SportsFullscreenInterested in this topic? You may also want to view these photo galleries:ReplayRound of 32: Kentucky guard Ashton Hagans defends during the Wildcats' win over the Wofford Terriers.1 of 34Round of 32: LSU guard Tremont Waters celebrates a basket during the Tigers' win over the Maryland Terrapins. Waters hit the game-winning shot in the final seconds.2 of 34First round: RJ Barrett dunks as Zion Williamson celebrates during Duke's win over the North Dakota State Bison. The two freshmen combined for 51 points.3 of 34First round: Virginia Tech Hokies guard Ahmed Hill and forward Kerry Blackshear Jr. celebrate during their team's win over the Saint Louis Billikens.4 of 34First round: North Carolina guard Coby White goes to the basket during the Tar Heels' win over the Iona Gaels.5 of 34First round: Ohio State Buckeyes guard Musa Jallow celebrates during his team's win over the Iowa State Cyclones.6 of 34First round: UCF's Tacko Fall blocks De'Riante Jenkins' shot during his team's win over VCU. Fall, a 7-6 center, had five blocks in the win.7 of 34First round: Liberty guard Caleb Homesley (game-high 30 points) celebrates the No. 12 Flames' upset of the No. 5 Mississippi State Bulldogs.8 of 34First round: Washington Huskies guard David Crisp shoots the ball during his team's win over the Utah State Aggies.9 of 34First round: Houston forward Brison Gresham protects the rim during his team's win over Georgia State.10 of 34First round: Wisconsin guard Kobe King shoots while being defended by Oregon forwards Louis King and Kenny Wooten during the Ducks' win over the Badgers.11 of 34First round: Buffalo Bulls guard Jayvon Graves goes up for a dunk during his team's win over the Arizona State Sun Devils.12 of 34First round: No 16-over-1 upset this time! Virginia guard De'Andre Hunter celebrates after making a shot during the second half against Gardner-Webb. The Cavaliers fell behind early but went on to win, 71-56.13 of 34First round: Tennessee guard Admiral Schofield flexes during the Volunteers' win over the Colgate Raiders.14 of 34First round: UC Irvine Anteaters guards Max Hazzard and Evan Leonard celebrate during their team's upset win over Kansas State.15 of 34First round: Texas Tech Red Raiders head coach Chris Beard celebrates during his team's win over Northern Kentucky.16 of 34First round: Oklahoma guard Aaron Calixte goes up for a layup during the Sooners' rout of Ole Miss.17 of 34First round: Iowa Hawkeyes guard Jordan Bohannon shoots the ball during his team's win over the Cincinnati Bearcats.18 of 34First round: Michigan forward Ignas Brazdeikis dunks the ball during the Wolverines' dominant win over Montana.19 of 34First round: Wofford guard Fletcher Magee celebrates with teammates after scoring against Seton Hall. Magee became the NCAA’s Division I all-time leader in career 3-pointers during the win.20 of 34First round: Syracuse forward Marek Dolezaj dives for a loose ball during the Orange's loss to Baylor.21 of 34First round: Purdue center Matt Haarms celebrates after a score against Old Dominion.22 of 34First round: Villanova forward Jermaine Samuels celebrates after scoring against St. Mary's.23 of 34First round: Gonzaga forward Brandon Clarke dunks the ball against Fairleigh Dickinson.24 of 34First round: Nevada forward Caleb Martin drives to the basket against Florida center Kevarrius Hayes. Martin struggled in the loss, shooting just 5-22 from the field.25 of 34First round: Kentucky forward Nick Richards dunks the ball against Abilene Christian. The Wildcats rolled to a 35-point victory.26 of 34First round: Ja Morant celebrates during Murray State's upset win over Marquette -- a game in which he recorded a triple-double.27 of 34First round: Kansas' Dedric Lawson celebrates during the Jayhawks' rout of Northeastern.28 of 34First round: Maryland's Jalen Smith throws down a huge dunk over Belmont's Dylan Windler in the Terps' win.29 of 34First round: Michigan State head coach Tom Izzo chews out Aaron Henry during the Spartans' win over Bradley.30 of 34First round: Florida State Seminoles forward Mfiondu Kabengele, who had a game-high 21 points in the win over Vermont, slams it down with authority.31 of 34First round: Auburn Tigers forward Anfernee McLemore reacts to the win as New Mexico State Aggies guard Trevelin Queen reacts to the loss.32 of 34First round: LSU Tigers players, playing without suspended head coach Will Wade, huddle up during their win over the Yale Bulldogs.33 of 34First round: The opening tip of the game between the Minnesota Golden Gophers and Louisville Cardinals -- the first game of the tournament.34 of 34AutoplayShow ThumbnailsShow CaptionsLast SlideNext Slide

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