CHICAGO (KSDK) - Nation's employers should be readying themselves from the inevitable drop in productivity as the NCAA men's basketball tournament gets underway.
The firm Challenger, Gray and Christmas, Inc. conducted its annual survey and estimates $134 million in lost wages in the first two days of the tournament. An estimated 3 million employees will spend one to three hours following the basketball games instead of working.
A survey just released by MSN and Impulse Research found that 66 percent of workers will be following March Madness during work hours, with 20 percent expecting to spend one to two hours following games, 14 percent spending three to four hours, and 16 percent saying they will spend five hours or more watching games instead of working.
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In addition to those watching games at their desks, seven percent of survey respondents said they take time off from work to watch the tournament. Twelve percent of those polled admit to calling in sick in past years in order to watch the games.
According to statistics from Turner Sports cited in a recent report, online March Madness coverage attracted over 220 million visits during the 2012 Tournament. That is an average of about 2.2 million visitors per day.
The number of online visitors is likely to grow in 2013, as March Madness Live expands its availability to all smartphones and tablets with the Android operating system, in addition to the iPhones and iPads that had access in the past.