• Loading stock data...
Friday, November 7, 2025
Tune in Nov. 12 at 1 p.m. ET for Future of Sports: Stadium Sophistication. Register now

Yes, the First Four Matters. Here’s Why

  • March Madness gets underway with the First Four in Dayton on Tuesday.
  • The preliminary action has previously created several financial success stories.
Feb 18, 2023; Salt Lake City, Utah, USA; Grambling State University Tigers guard Tra'Michael Moton (5) celebrates with guard Shawndarius Cowart (10) after making a basket against the Southern University Jaguars during overtime at the Jon M. Huntsman Center.
Christopher Creveling-USA TODAY Sports

The preliminary round of the men’s NCAA tournament is nothing to sleep on.

March Madness officially tips off Tuesday night with the First Four in Dayton—and crucial $2 million payment units are on the line for advancing to latter stages of the tournament.

Automatic qualifiers Wagner and Howard will compete for the West Region’s 16-seed, while fellow conference champions Grambling State and Montana State will battle for the 16 in the Midwest. At-large matchups featuring Colorado State–Virginia (Midwest) and Colorado–Boise State (South) will round out the preliminary action in Ohio over the next two days.

Since the bracket expanded to 68 teams in 2011, a First Four team has made it to the second round every year except once (’19). First Four winners have gone on to 21 main NCAA tournament games over the past 13 years and twice made it to the Final Four (VCU in ’11, UCLA in ’21). Last year, Fairleigh Dickinson became the first automatic qualifier from the First Four to win a tournament game, with the Knights’ upset of top-seeded Purdue leading to all kinds of off-court success, like a new media-rights deal with YES Network.

Staying Tru

If you want to watch the First Four, you’ll need to make sure your TV package includes TruTV—the oft-forgotten cable stepchild of Warner Bros. Discovery, the company that, alongside CBS, is paying some $900 million annually to broadcast March Madness. For years, sports fans have joked about TruTV’s irrelevance outside of March, but this month marks a major pivot for the channel, which is transitioning to airing sports content full-time on weeknights moving forward. 

Last year, First Four games averaged 1.35 million viewers on TruTV, down from the 1.75 million action in 2022, which benefited from the inclusion of Notre Dame and set a record for the two-night format. (In ’21, all four games aired on one night, spread across TruTV and TBS.) But after this year’s games on TruTV—which will include eight first-round matchups—WBD is hoping fans will stick around for the channel’s new nightly TNT Sports Update program, as well as a betting-focused show, plus simulcasts and alternate casts of NBA, NHL, MLB games.

Where the Madness Begins

The 13,000-seat University of Dayton Arena has hosted every First Four game outside of the pandemic-impacted 2021 tournament dating back to ’11. And even before that, it was the site of the one-game opening round featuring the two lowest-ranked automatic qualifiers, which began in ’01.

UD Arena routinely gets near-capacity crowds: About 25,000 fans typically attend First Four games over two nights. As of Monday afternoon, the cheapest official resale tickets cost $89 before taxes and fees. And for locals looking to capitalize on the new business in town, the March Madness bump will continue later this week, if not longer: Dayton’s men’s basketball notched its first NCAA tournament bid since 2017, earning a seven-seed; now the Flyers are set to face 10-seed Nevada on Thursday in Memphis.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.

DraftKings Eyes Prediction-Markets Domination

The company’s upcoming platform could launch as soon as the fourth quarter.
Aug 30, 2025; Clemson, South Carolina, USA; A detail view of a helmet worn by LSU Tigers offensive tackle Ory Williams (77) with a sticker on it to commemorate the 20th anniversary of hurricane Katrina during the first quarter at Memorial Stadium

LSU Clarifies Athletics Leadership After Another Week of Confusion

LSU has named a permanent athletic director and university president.
Ogwumike
exclusive

Project B Is Offering WNBA Stars Multimillion-Dollar Salaries

Several have already signed deals, sources tell FOS.

Featured Today

G League

Is College Basketball About to Raid the G League?

Two G Leaguers have gone back to college. More could follow.
Oct 11, 2025; University Park, Pennsylvania, USA; Penn State Nittany Lions head coach James Franklin stands on the field following the game against the Northwestern Wildcats at Beaver Stadium
November 1, 2025

College Football’s Coach Buyout Bonanza: All Your Questions Answered

Schools owe their fired coaches millions in buyouts—and it isn’t over.
Oct 13, 2024; Chicago, IL, USA; Susanna Sullivan of the United States of America finishes seventh in the Chicago Marathon at Grant Park
October 31, 2025

More Races, More Money: The New Calculus for Pro Marathoners

More races per year mean more money—but the math isn’t simple.
Oct 28, 2025; Los Angeles, California, USA; Los Angeles Dodgers two-way player Shohei Ohtani (17) pitches during the fifth inning against the Toronto Blue Jays during game four of the 2025 MLB World Series at Dodger Stadium.
October 31, 2025

Shohei Ohtani Card Market Is Surging—With No Signs of Slowing

Cards have spiked hundreds of thousands of dollars from their initial value.

NCAA Warns Schools Government Shutdown May Affect Fall Championships 

The 2025 fall championships require more than 1,000 trips.
Nov 1, 2025; College Park, Maryland, USA; Indiana Hoosiers running back Solomon Vanhorse (18) rushes during the half quarter against the Maryland Terrapins at SECU Stadium.
November 5, 2025

CFP Rankings Show How Complicated Prize Money Shift Could Play Out

Conferences will still get paid big this year for their champions.
Harlem Berry 22, LSU Tigers take on the Texas A&M Aggies. October 25, 2025; Baton Rouge, Louisiana, USA; at Tiger Stadium. Saturday, Oct. 25, 2025.
November 6, 2025

LSU Names New President, but Athletic Leadership Still in Question

The new university president has already contradicted himself.
Sponsored

How HOKA is Reimagining the NIL Relationship

On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
Mar 20, 2025; Lexington, KY, USA; Alabama State Hornets guard Amarr Knox (1) shoots the ball against Auburn Tigers forward Johni Broome (4) during the second half in the first round of the NCAA Tournament at Rupp Arena.
November 5, 2025

NCAA and Federal Gambling Probes Loom Over Men’s College Basketball Season

Some schools have not yet been publicly named, the NCAA told FOS.
November 4, 2025

March Madness Could Still Expand in 2027 Despite Fan Pushback

The NCAA could add four or eight teams to the tournaments in 2027.
November 4, 2025

College Hoops Accounts for Nearly 30% of Revenue-Sharing Payments

Men’s and women’s basketball account for nearly 29% of revenue-sharing money.
November 3, 2025

First Set of CFP Rankings Could Signal Committee’s New Priorities

New this year is the CFP’s move to straight seeding.