As the world came to a halt in March, uncertainty swirled about the shutdown’s impact on the $100 billion U.S. sports industry. According to an ESPN report, 3 million sports-related jobs are at risk and the industry could take a $12 billion hit.
The report assumes that MLB and MLS resume at least half their seasons, while the NBA and NHL regular seasons would be canceled and playoffs played without fans.
- $3.25 billion fans would have spent on sports
- $371 million in wages
- $2.2 billion in TV revenue
- $2.4 billion in youth sports tourism
Damage by Level
- Pro Sports: $5.5 billion
- College: $3.9 billion
- Youth: $2.4 billion
Whether or not the football calendar is affected adds another dimension to the situation. Each NFL regular-season game generates approximately $24 million in TV revenue and the 65 Power 5 football programs bring in about $5 billion in revenue, according to ESPN.