Poll: Office Pool Betting Business Getting More Brisk

March 23, 2006 (PLANSPONSOR.com) - Office betting pools are more popular than ever, according to a new survey by Vault.

According to a news release, the 2006 Office Betting Pools Survey found that 67% of employees admitted to being in office betting pools, up from last year’s 61%. Meanwhile, 77% of respondents were asked if their fellow employees took part in office pools and answered yes.

The most popular betting events remain the Super Bowl and regular NFL season play, at 65% and 61%, respectively. Vault reports that the NCAA Men’s Basketball Tournament garnered 57% of responses, while pregnancy pools rated 19%, the Academy Awards 13%, and the television reality shows, such as “Survivor,” “American Idol,” and “The Apprentice”, at 12%.

Poll results also included:

  • 73.5% of respondents take only five to 10 minutes to make their picks after further research at home.
  • 52.5% of respondents are aware that office pools may be illegal in some states, depending on circumstances.
  • 63% of respondents say that illegality doesn’t affect their participation in office pools.
  • 80.5% of respondents say that people do not take the possible illegality of office pools seriously.
  • 86% of offices do not have policies against office pools.
  • 2% of respondents have gotten into trouble with their bosses for participating in an office pool.
  • 76% of respondents said their primary motivation for participating was to have a little harmless fun at work.
  • 17% of respondents said their primary motivation for participating was to win money.
  • 7% of respondents said their primary motivation for participating was to prove their ability at picking winners.
  • 53% of respondents said their entry cost was about $5.
  • 28% of respondents said they paid about $10.
  • 10% of respondents said they paid $20 to enter an office betting pool.
  • 47% of respondents said they won $100 or under.
  • 18% of respondents said they won between $101 and $200.
  • 3% of respondents said they won $201 and $300.
  • 12% of respondents said they won $301 and $500.
  • 4% of respondents said they won over $1000.

Vault reported that some 328 respondents, representing a variety of industries, took part in the survey that is conducted each mid-February.

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