Do professional sports really affect the United States economy?
May 2018 by Alex Clementi, Pewaukee High school Junior
What would result if professional sports and the sport industry discontinued all leagues and competition? How would the economy be impacted if this world of competition was destroyed?
Despite popular belief, the sports industry a major contributor to the United States economy and contributes to the employment rate immensely. “The sports industry as a whole brings roughly $14.3 billion in earnings a year”(Burrow). The counted $14.3 billon does not even include the indirect economic gain caused by various sporting events for example, Super Bowl Sunday which is the second largest food sale day in the country, right behind Thanksgiving. “The industry also contributes 456,000 jobs with an average salary of $39,000 per job”(Burrow). With these towering numbers of sales throughout each sports season, a loss of professional sports would send the United States into an economic hole. The thousands of jobs created due to these large sports events such as, security, food vendors and event planners. Not only are thousands of jobs created through professional sports, but millions of tourist dollars are brought in every year to cities around the United States. For example, “In 2010, the New York City Marathon boosted the city’s economy to the tune of $340 million.
Bob Nightengale of USA Today reported that the Chicago Cubs generate $600 million annually for the state of Illinois”(Depta). Without these professional sports and live events the United States economy would be set to decline and thousands of people would be out of their jobs. Local businesses would also lose money because with these large events fans are bound to buy souvenirs and products from these local companies. Overall, professional sports are way more than an overpaid athlete throwing a ball, it is an economic powerhouse that the United States continues to benefit from again and again.
Burrow, Gwen. “Not Just a Game: The Impact of Sports on U.S. Economy.” Emsi, 9 June 2017, www.economicmodeling.com/2013/07/09/not-just-a-game-the-impact-of-sports-on-u-s-economy/.
Depta, Laura. “12 Ways Sports Make a Positive Impact.” Bleacher Report, Bleacher Report, 12 Apr. 2017, bleacherreport.com/articles/2347988-12-ways-sports-make-a-positiveimpact#slide0.