In 2019, the Arena Football League concluded its final season, and now teams that compete there must determine how much it will cost them to fill their venues with fans. Without being able to monetize off of home fans, teams could experience substantial financial strain.
What Do Arenas Make Per Game?
While the average revenue made by arenas per game remains uncertain, GOBankingRates analysis revealed that staging a sporting event requires significant financial investments. Stadia must pay the electricity bill, property taxes and interest as well as employ hundreds of ushers, ticket takers, security guards and concession workers who ensure the games run smoothly; additionally they pay production staff who helps make everything come together.
NHL teams sometimes face a cost of more than $200,000 to employ all these personnel on an ongoing basis. While this is an expensive expense, it is necessary if the team wants to remain competitive against bigger and wealthier sports.
How Much Profitable are MLB Stadiums?
Baseball teams are an important component of local economies and keep neighborhoods surrounding their stadiums vibrant. The MLB has 30 teams, each earning millions in revenue from 81 home games played annually at their facilities. On average, each stadium makes more than $325 million per year from these 81 matches; however, some are far more profitable than others.
How Do NBA Teams Make Money?
Basketball is an ad-based sport, and the NBA and its teams generate millions of dollars annually through sponsorship deals. This includes naming rights to the arena, corporate sponsorships, as well as revenue sharing agreements with local television and broadcasting companies.
In 2016, the league and its teams generated more than $861 million from these sources alone. Furthermore, they benefit greatly from their fan base who often pay for seats, food, merchandise and other perks during home games.
What Do AFL Players Make?
On average, AFL players made $775 per game during the league’s final season in 2019. Depending on their position, they may also receive an extra $250 if they are a quarterback.
Arena footballers receive discounted lodging and meals, helping to reduce their overall expenses. Rookies in the league are paid less than veterans; however, they may receive additional per diems when traveling away for games.
What Do The AFL And IFL Teams Make?
Though not as popular as the NFL, both leagues still have a passionate fan base. Additionally, these teams make money through television contracts since many TV channels screen their games live.
How Do The NBA and NHL Make Money?
Both leagues make significant profits from their fan bases. In the NBA, fans purchase tickets, food, merchandise and other amenities to attend games. On the other hand, the NHL boasts a much more successful sports franchise and generates much greater revenues from its customers.