Workers worried that their bosses may catch them checking their March Madness brackets on the job, relax. The boss is likely doing the same thing.
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The annual NCAA basketball tournament is upon us, and a new survey reveals one in five workers have participated in March Madness pools and 11% say they plan to do so this year, according to career services site CareerBuilder.
Management-level employees are the most likely to participate in a “friendly wager” at work over the games, with 24% saying they are usually in on March Madness pools. Entry-level workers were the least likely to participate at 14%. Men are more likely to participate in pools than women at 26% and 13% respectively.
High-income workers are the most likely to participate in a pool with 33% of those earning six figures and higher have participated in March Madness, compared to 18% of those who earn $100,000 or less annually. Twenty-five percent of workers making $50,000 or more have placed their bets in a pool, compared to 14% of those earning less than $50,000 a year.
The tournament pools are most popular among Millennials in the office with 22% if workers between 25 and 34 participating in the past, and 16% planning to do so this year. This was the highest amongst any of the age groups, CareerBuilder reports.
Number crunchers were the most likely to have joined a pool at work, the survey finds, with financial services being the most popular industry for March Madness bets (31%), followed by sales (30%). IT workers were the third most likely to partake in a pool (29%), followed by professional and business services workers (25%) and leisure and hospitality workers (22%).
The survey was conducted online by Harris Poll for CareerBuilder among 3,008 workers ages 18 and up.