March Madness: By the numbers

The Sweet 16 round of the NCAA Division I basketball championships starts Thursday, and office workers and bookies nationwide are heavily invested in the outcome of the next round of games. But they aren't the only ones with a big stake in March Madness. Here's a look at college basketball's biggest event (and perhaps the most lucrative of any sport), by the numbers:

$10.8 billion

Price for TV and internet rights to the men's tournament over 14 years

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2024

Year when that new broadcast deal, between CBS and Turner Broadcasting, ends

$620 million

TV ad revenue CBS earned from last year's men's tournament

$100 million

Amount that championship game host Houston is expected to garner in direct spending

$100 million

Amount of federal tax revenue lost in 2006 due to Division I colleges' tax-exempt status

$256,000

What a men's Division I team earns for each tournament win

$26.7 million

Basketball revenue earned last season by perennial tournament favorite (and reigning national champ) Duke

$75 million

Estimated amount of March Madness wagers placed in Las Vegas

$3 billion

Estimated amount of March Madness wagers placed in U.S. office pools

$1.3 billion

Estimated cost of lost worker productivity during the tournament

5.9 million

Number of brackets submitted to ESPN.com's Tournament Challenge

Number that correctly picked all Sweet 16 men's teams

1

Number that correctly picked all Sweet 16 women's teams

7,549

President Obama's ranking in the ESPN men's bracket challenge (99.9th percentile)

37,812

Obama's ranking in the ESPN women's bracket challenge (81st percentile)

Sources: Yahoo/Investopedia, RealClearMarkets, TV By The Numbers, ESPN, L.A. Times, Forbes