How March Madness brackets began

This post was originally published on this site

The NCAA bracket is a March Madness tradition nearly as popular as the college basketball tournament itself. This year, some 70 million bracket-makers are competing for cash prizes and office bragging rights. And it all started at an unassuming bar in Staten Island, New York, where correspondent Brook Silva-Braga learned of the first Final Four bracket, back in 1977, that would spread to become a national sensation – and pique the interest of the IRS. He also talks with ESPN “Bracketologist” Joe Lunardi, and investor Warren Buffett, who encourages his employees’ bracket fever with extravagant rewards.