The REAL Business of Sports - Dave Pear's Blog

The REAL Business of Sports: $422 BILLION!

Mar 26, 2012

From Top Business Degrees: A numbers analysis of professional sports. Of course, football tops the list and generates nearly as much as MLB AND NBA combined. And as most of us already know ? especially after BountyGate exposed the tip of the iceberg ? gambling makes up the largest piece of the big picture. Just one more topic to discuss at our upcoming Conference in Las Vegas April 20 ? 22 ? click HERE to register.
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The Business of Sports

We all know that sports are fun to play and fun to watch, and you?d have to be living under a rock to not be aware of the high figures sports stars earn each year, but what?s going on behind the scenes? How much money is the sporting industry really worth? At Top Business Degrees we decided to look behind all the fun and games and discovered an affluent business with no end in sight.
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The Big 4 leagues in America combined (the NFL, NBA, NHL, and MLB) accrue an average $23 billion in revenue each year.
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Over $27.8 billion per year gets spent on sports advertising.
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The NFL

• $9 billion in annual revenue
• $1 billion in operating income
• Average team value: $1 billion

The MLB

• $7.2 billion in annual revenue
• $494 million in operating income
• Average team value: $523 million

The NBA

• $4.1 billion in annual revenue
• $183 million in operating income
• Average team value: $369 million

The NHL

• $3 billion in annual revenue
• $160 million in operating income
• Average team value: $228 million

Other Sports

• NCAA: $757 million in revenue
• NASCAR: $645.4 million annual revenue
• Other Spectator Sports (Horse Racing, Golf, etc.: $31.4 billion)
• Facts about Sports and the Economy
• There are over 3 million sports industry jobs in the US
• There are 12,660 professional US athletes
• 184,280 coaches and scouts
• 15,250 umpires, referees and officials
• 484,200 Americans work in fitness centers
• 36,600 employees at ski resorts
• 68,000 employees at bowling allies
• 340,500 employees at golf courses
• 1.5 million Americans work in amusement, gambling and recreation sectors
• 44,1000 work in wholesale trade of sporting goods
• 235,300 work in retail sporting goods stores

(Click on the image to enlarge for easier reading.)
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From: Top Business Degrees
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Posted by RobertinSeattle | Categories: Dave Pear, football, Independent Football Veterans Conference, News, NFL, NFLPA, RobertinSeattle, sports gambling, statistics | Tagged: baseball, basketball, betting, Bountygate, Dave Pear, football, gambling, hockey, MLB, NASCAR, National Basketball Association, NBA, NFL, NFLPA, RobertinSeattle, sports book, sports gambling, The REAL Business of Sports, Top Business Degrees |

Source: http://davepear.com/blog/2012/03/the-real-business-of-sports/

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