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Canada, with its typically paternalistic nanny-state, it gets much worse; nearly all forms of gambling not sanctioned by government are illegal. Tap here to turn on desktop notifications to get the news sent straight to you. In most cases, there are strict rules about drugs being consumed or sold on the premises.

Because Duke isn’t a public institution, the actual math behind the calculation — what was omitted — was never seen. Annual increases in viewership equate to increased betting on the brackets and increased revenue for all involved except for the players. Each year, about 60 percent of all NCAA revenue is returned directly to the Division I conferences and member institutions. All grants awarded above are valued at the same amount. However, the vast majority of this revenue is generated by college football teams.