
March inevitably brings the “madness” associated with the NCAA basketball tournament and office betting pools. Sports gambling is illegal in almost every state, and the NCAA opposes all forms of legal and illegal sports wagering. The American Gaming Association estimated that $9 billion dollars was wagered illegally on the tournament last year alone, and office pools routinely contribute to that annual total. Still, it is a thinly-veiled secret in many organizations that office betting does go on from time to time. Employers can and do take different approaches to the issue, from looking the other way to disseminating and strictly enforcing a prohibitive policy. Whatever path management follows, they should do so with their eyes open to the risks—legal and non-legal—related to office gambling.
Continue Reading This March, Will Employers Bench Office Betting Pools?