Five Incredible March Madness Facts
In honor of March Madness, below are five fun facts about the big dance.
On average, the NCAA tournament generates 25% more in advertising revenue than during the regular season. Figures estimate more than a billion dollars was spent on advertising last year.
The tournament draws the Vegas crowd.
More than 11 billion dollars was gambled on the NCAA tournament last year. That is more than the gross domestic product for Madagascar, Zimbabwe, Armenia, and Laos. Time Magazine calculated that of the 11 billion dollars bet, only about $100 million was gambled through legal sports books and in office pools.
Calculating odds for picking a perfect bracket is even difficult. Statisticians estimate odds around 9.2 quintillion to 1. That means it’s more than 1 billion times more likely that you’ll be struck by lightning than have the perfect bracket.
There were more than 65 million online video streams of the tournament in 2014.
That’s more than three times the viewers of Breaking Bad and American Idol Season finales combined.
The oldest coach to win a title was Jim Calhoun
He was 68 years old when he won the tournament in 2011. The youngest coach to win was Emmett McCracken, who led Indiana to the title in 1940. He was 31 years old.