The Money Behind March Madness
March Madness is one of the biggest events in American sports. Sixty-eight college teams get invited to the Big Dance, but by early April, there's only one team left. The tournament may be about upsets, underdogs and uplifting narratives, but it's also about the money.
The NCAA's Division I men's basketball tournament draws in millions of viewers and rakes in more than $800 million each year from its television deal alone. That makes up more than 75 percent of the association's yearly revenue. But it's not just the NCAA that makes money. The coaches are often the highest-paid public employees in their state, and gamblers also stand to make big returns on risky wagers. The NCAA did not return CNBC's request for comment.
Watch this video to find out more about the money behind March Madness.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
The Money Behind March Madness
Видео The Money Behind March Madness канала CNBC
The NCAA's Division I men's basketball tournament draws in millions of viewers and rakes in more than $800 million each year from its television deal alone. That makes up more than 75 percent of the association's yearly revenue. But it's not just the NCAA that makes money. The coaches are often the highest-paid public employees in their state, and gamblers also stand to make big returns on risky wagers. The NCAA did not return CNBC's request for comment.
Watch this video to find out more about the money behind March Madness.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
The Money Behind March Madness
Видео The Money Behind March Madness канала CNBC
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Why NBA Players Out Earn Other US AthletesHow Starbucks Became An $80B BusinessGeorgetown vs. Princeton 1989: The Game that Saved March Madness | Sports IllustratedHow JP Morgan Chase Became The Largest Bank In The USVirginia's incredible redemption story to win its first national championshipHow Much Do NFL Draft Picks Make?How Nike Became The Most Powerful Brand In SportsExplained | The Stock Market | FULL EPISODE | NetflixNCAA Sports Bring In $1 Billion A Year — Why Aren’t The Athletes Paid?Why Americans Love Taco BellWhat is MARCH MADNESS? The College Basketball Tournament ExplainedThe Business of College FootballMark Cuban Thinks Owning an Esports Team in the U.S. is an "Awful Business" | FAIR GAMEHow NFL Teams Make MoneyDoc Rivers reacts to son Austin Rivers calling for his dad's ejection | NBA SoundPaying the players would make college sports more fair – Stephen A. | First TakeWhy MLB Players Land The Best Pro ContractsKevin Durant highlights: Top March Madness playsWhy Hosting The Super Bowl Isn't Worth ItWHERE DID EVERY NBA OWNER GET THEIR MONEY FROM? You might be surprised