by Matthew J. Maguire, Esq., Pepper Hamilton LLP, Berwyn
Are you planning to place a bet in the office NCAA basketball tournament pool this year? Join the club. Sports gambling is a big, and largely illegal, enterprise.
Gamblers wagered an estimated $4 billion on the outcome of the 2015 Super Bowl. Last year’s NCAA tournament involved approximately $3 billion worth of bets—and untold thousands of unproductive work hours spent on “bracketology.”
Yet, most employers fail to specifically prohibit workplace gambling, and many sanction the behavior as harmless fun and good for camaraderie among co-workers.
Harmless fun? Don’t bet on it
There is a generally held belief that NCAA office pools and other types of gambling in the workplace do not cause a disruption or have an adverse effect on (register to read more). And, even though such gambling is against the law, the risk of criminal prosecution is considered too remote to prohibit...