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March Madness? More like Money Madness. Here's a look at the economic impact

Every year thousands of screaming fans gear up to watch their teams compete in the NCAA Tournament. But in addition the price of tickets, fans pay millions in travel fees, broadcasters shell out the big bucks for TV rights and gamblers place high stakes bets on the winner.
Every year thousands of screaming fans gear up to watch their teams compete in the NCAA Tournament. But in addition the price of tickets, fans pay millions in travel fees, broadcasters shell out the big bucks for TV rights and gamblers place high stakes bets on the winner.

Did you just shell out for a last minute trip to Detroit?

You're not alone.

Every year, fans spend millions traveling to the Big Dance and broadcasters spend the big bucks on TV rights.

Take a look at March Madness by the numbers:

This story was originally published March 13, 2018 at 10:14 AM with the headline "March Madness? More like Money Madness. Here's a look at the economic impact."

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