Saturday, February 20, 2010

March Madness and Office Pools

With March Madness about three weeks away, I was wondering about the age-old question if those office pools and brackets for the NCAA men's basketball tournament are legal. An article in LegalZoom.com explained that the pools are illegal, except in Nevada. Participation in the pool could result in a misdemeanor and up to one year in prison. So, are you still ready to put up $10 or more to be in a pool? The ones more liable seem to be business owners who allow the pools to exist in their companies. Those in favor of office pools say they create good will among employees. Experts suggest owners make sure the bets are low and avoid online brackets. Or the boss could give everyone a free entry and provide prizes. Sounds like a good deal. Why can't my boss do that?

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