How Does Mlb Make Money With Empty Stadiums
In the pandemic-shortened 2020 season, Major League Baseball teams played their 60 games in empty stadiums, with only cardboard cutouts in the stands.
With COVID-19 vaccines being rolled out, the chances are improving for allowing fans back inside MLB stadiums. However, to mix sports metaphors, full grandstands are no slam dunk.
Find Out: Maria Sharapova and 45 More Incredibly Rich Retired Athletes
The public health situation in the United States is changing by the day, and although more people are receiving the vaccine every day, questions remain: How quickly will the entire population be inoculated? What effects will coronavirus variants have? Can a person who has received the vaccine still spread the virus to others?
Major League Baseball wants to have fans back in the stands safely, of course. But the league will defer to state and local authorities on guidelines for how many spectators allowed.
With all those uncertainties, the financial hit to the league remains massive. Without fewer fans at the games, the sport of baseball just isn't going to be the revenue driver it normally is. In fact, teams still stand to lose millions of dollars in lost ticket sales, concessions and merchandise. After all, the profit margin on $8 beers and $5 hot dogs is, well, extreme.
Go Banking Rates took a look at the worst-case scenario, calculating how much each team would lose if no fans are allowed for a full season.
Hopefully these numbers won't become a reality, but here's a closer look at which teams stand to lose the most.
Last updated: Feb. 24, 2021
30. Miami Marlins
- Average attendance: 10,016
- Average ticket price: $24.65
- Revenue per home game: $2,740,740.74
- Gate receipts per home game: $246,913.58
- Yearly gate receipts: $20,000,000
- Food and merchandise revenue per home game: $2,493,827.16
- Yearly food and merchandise revenue: $202,000,000
Annual revenue: $222,000,000
Check Out: Athletes With Major Business Empires Outside of Sports
29. Oakland A's
- Average attendance: 20,521
- Average ticket price: $24.65
- Revenue per home game: $2,777,777.78
- Gate receipts per home game: $469,135.80
- Yearly gate receipts: $38,000,000
- Food and merchandise revenue per home game: $2,308,641.98
- Yearly food and merchandise revenue: $187,000,000
Annual revenue: $225,000,000
Just Like Us: Former Celebrities Who Have Normal Jobs Now
28. Kansas City Royals
- Average attendance: 18,267
- Average ticket price: $33.12
- Revenue per home game: $3,098.765.43
- Gate receipts per home game: $604,938.27
- Yearly gate receipts: $49,000,000
- Food and merchandise revenue per home game: $2,493,827.16
- Yearly food and merchandise revenue: $202,000,000
Annual revenue: $251,000,000
Learn More: What NFL Teams Are Making With Limited Fan Capacity
27. Baltimore Orioles
- Average attendance: 16,146
- Average ticket price: $26.76
- Revenue per home game: $3,160,493.83
- Gate receipts per home game: $432,098.77
- Yearly gate receipts: $35,000,000
- Food and merchandise revenue per home game: $2,728,395.06
- Yearly food and merchandise revenue: $221,000,000
Annual revenue: $256,000,000
Making Bank: The Richest Athletes in the World
26. Tampa Bay Rays
- Average attendance: 14,552
- Average ticket price: $26.30
- Revenue per home game: $3,259,259.26
- Gate receipts per home game: $382,716.05
- Yearly gate receipts: $31,000,000
- Food and merchandise revenue per home game: $2,876,543.21
- Yearly food and merchandise revenue: $233,000,000
Annual revenue: $264,000,000
25. Toronto Blue Jays
- Average attendance: 21,607
- Average ticket price: $28.57
- Revenue per home game: $3,271,604.94
- Gate receipts per home game: $617,283.95
- Yearly gate receipts: $50,000,000
- Food and merchandise revenue per home game: $2,654,320.99
- Yearly food and merchandise revenue: $215,000,000
Annual revenue: $265,000,000
24. Pittsburgh Pirates
- Average attendance: 18,413
- Average ticket price: $29.50
- Revenue per home game: $3,370,370.37
- Gate receipts per home game: $543,209.88
- Yearly gate receipts: $44,000,000
- Food and merchandise revenue per home game: $2,827,160.49
- Yearly food and merchandise revenue: $229,000,000
Annual revenue: $273,000,000
23. Detroit Tigers
- Average attendance: 18,536
- Average ticket price: $30.64
- Revenue per home game: $3,407,407.41
- Gate receipts per home game: $567,901.23
- Yearly gate receipts: $46,000,000
- Food and merchandise revenue per home game: $2,839,506.17
- Yearly food and merchandise revenue: $230,000,000
Annual revenue: $276,000,000
22. Cincinnati Reds
- Average attendance: 22,329
- Average ticket price: $24.88
- Revenue per home game: $3,407,407.41
- Gate receipts per home game: $555,555.56
- Yearly gate receipts: $45,000,000
- Food and merchandise revenue per home game: $2,851,851.85
- Yearly food and merchandise revenue: $231,000,000
Annual revenue: $276,000,000
21. Arizona Diamondbacks
- Average attendance: 26,364
- Average ticket price: $25.29
- Revenue per home game: $3,432,098.77
- Gate receipts per home game: $666,666.67
- Yearly gate receipts: $54,000,000
- Food and merchandise revenue per home game: $2,7,65,432.10
- Yearly food and merchandise revenue: $224,000,000
Annual revenue: $278,000,000
20. Chicago White Sox
- Average attendance: 20,622
- Average ticket price: $27.54
- Revenue per home game: $3,518,518.52
- Gate receipts per home game: $567,901.23
- Yearly gate receipts: $46,000,000
- Food and merchandise revenue per home game: $2,950,617.28
- Yearly food and merchandise revenue: $239,000,000
Annual revenue: $285,000,000
19. Cleveland Indians
- Average attendance: 21,465
- Average ticket price: $37.96
- Revenue per home game: $3,580,246.91
- Gate receipts per home game: $814,814,81
- Yearly gate receipts: $66,000,000
- Food and merchandise revenue per home game: $2,765,432.10
- Yearly food and merchandise revenue: $224,000,000
Annual revenue: $290,000,000
18. Milwaukee Brewers
- Average attendance: 36,091
- Average ticket price: $27.71
- Revenue per home game: $3,641,975.31
- Gate receipts per home game: $1,000,000
- Yearly gate receipts: $81,000,000
- Food and merchandise revenue per home game: $2,641,975.31
- Yearly food and merchandise revenue: $214,000,000
Annual revenue: $295,000,000
Look: 13 Ways To Support Sports Teams Without Attending a Game
17. Minnesota Twins
- Average attendance: 28,323
- Average ticket price: $34.44
- Revenue per home game: $3,666,666,67
- Gate receipts per home game: $975,308.64
- Yearly gate receipts: $79,000,000
- Food and merchandise revenue per home game: $2,691,975.31
- Yearly food and merchandise revenue: $218,000,000
Annual revenue: $297,000,000
16. San Diego Padres
- Average attendance: 29,585
- Average ticket price: $26.29
- Revenue per home game: $3,691,358.02
- Gate receipts per home game: $777,777.78
- Yearly gate receipts: $63,000,000
- Food and merchandise revenue per home game: $2,913,580.25
- Yearly food and merchandise revenue: $236,000,000
Annual revenue: $299,000,000
15. Colorado Rockies
- Average attendance: 36,954
- Average ticket price: $26.73
- Revenue per home game: $3,765,432.10
- Gate receipts per home game: $987,654.32
- Yearly gate receipts: $80,000,000
- Food and merchandise revenue per home game: $2,777,777.78
- Yearly food and merchandise revenue: $225,000,000
Annual revenue: $305,000,000
14. Seattle Mariners
- Average attendance: 22,120
- Average ticket price: $32.37
- Revenue per home game: $3,888,888.89
- Gate receipts per home game: $716,049.38
- Yearly gate receipts: $58,000,000
- Food and merchandise revenue per home game: $3,172,839.51
- Yearly food and merchandise revenue: $257,000,000
Annual revenue: $315,000,000
13. Texas Rangers
- Average attendance: 26,333
- Average ticket price: $33.29
- Revenue per home game: $4,135,802.47
- Gate receipts per home game: $876,543.21
- Yearly gate receipts: $71,000,000
- Food and merchandise revenue per home game: $3,259,259.26
- Yearly food and merchandise revenue: $265,000,000
Annual revenue: $335,000,000
12. New York Mets
- Average attendance: 30,155
- Average ticket price: $41.35
- Revenue per home game: $4,469,135.80
- Gate receipts per home game: $1,246,913.58
- Yearly gate receipts: $101,000,000
- Food and merchandise revenue per home game: $3,222,222.22
- Yearly food and merchandise revenue: $261,000,000
Annual revenue: $362,000,000
Alternative Competition: Overwatch, Fortnite and 22 of the Most Lucrative Esports Games in the World
11. Washington Nationals
- Average attendance: 27,899
- Average ticket price: $61.95
- Revenue per home game: $4,567,901.23
- Gate receipts per home game: $1,728,395.07
- Yearly gate receipts: $140,000,000
- Food and merchandise revenue per home game: $2,839,506.17
- Yearly food and merchandise revenue: $230,000,000
Annual revenue: $370,000,000
10. Los Angeles Angels
- Average attendance: 37,272
- Average ticket price: $35.11
- Revenue per home game: $4,654,320.99
- Gate receipts per home game: $1,308,641.98
- Yearly gate receipts: $106,000,000
- Food and merchandise revenue per home game: $3,345,679.01
- Yearly food and merchandise revenue: $271,000,000
Annual revenue: $377,000,000
9. Atlanta Braves
- Average attendance: 32,779
- Average ticket price: $40.68
- Revenue per home game: $4,716,049.38
- Gate receipts per home game: $1,333,333.33
- Yearly gate receipts: $108,000,000
- Food and merchandise revenue per home game: $3,382,716.05
- Yearly food and merchandise revenue: $274,000,000
Annual revenue: $382,000,000
8. St. Louis Cardinals
- Average attendance: 42,968
- Average ticket price: $39.65
- Revenue per home game: $4,728,395.06
- Gate receipts per home game: $1,703,703.70
- Yearly gate receipts: $138,000,000
- Food and merchandise revenue per home game: $3,024,691.36
- Yearly food and merchandise revenue: $245,000,000
Annual revenue: $383,000,000
7. Philadelphia Phillies
- Average attendance: 33,672
- Average ticket price: $39.60
- Revenue per home game: $4,839,506.17
- Gate receipts per home game: $1,333,333.33
- Yearly gate receipts: $108,000,000
- Food and merchandise revenue per home game: $3,506,172.84
- Yearly food and merchandise revenue: $284,000,000
Annual revenue: $392,000,000
6. Houston Astros
- Average attendance: 35,276
- Average ticket price: $63.00
- Revenue per home game: $5,185,185.19
- Gate receipts per home game: $2,222,222.22
- Yearly gate receipts: $180,000,000
- Food and merchandise revenue per home game: $2,962,962.96
- Yearly food and merchandise revenue: $240,000,000
Annual revenue: $420,000,000
5. San Francisco Giants
- Average attendance: 33,429
- Average ticket price: $56.87
- Revenue per home game: $5,580,246.91
- Gate receipts per home game: $1,901,234.57
- Yearly gate receipts: $154,000,000
- Food and merchandise revenue per home game: $3,679,012.35
- Yearly food and merchandise revenue: $298,000,000
Annual revenue: $452,000,000
4. Chicago Cubs
- Average attendance: 38,208
- Average ticket price: $64.62
- Revenue per home game: $5,814,814.81
- Gate receipts per home game: $2,469,135.80
- Yearly gate receipts: $271,000,000
- Food and merchandise revenue per home game: $3,345,679.01
- Yearly food and merchandise revenue: $271,000,000
Annual revenue: $471,000,000
3. Boston Red Sox
- Average attendance: 36,107
- Average ticket price: $68.04
- Revenue per home game: $6,407,407.41
- Gate receipts per home game: $2,456,790.12
- Yearly gate receipts: $199,000,000
- Food and merchandise revenue per home game: $3,950,617.28
- Yearly food and merchandise revenue: $320,000,000
Annual revenue: $519,000,000
2. Los Angeles Dodgers
- Average attendance: 49,066
- Average ticket price: $46.55
- Revenue per home game: $6,864,197.53
- Gate receipts per home game: $2,283,950.62
- Yearly gate receipts: $556,000,000
- Food and merchandise revenue per home game: $4,580,246.91
- Yearly food and merchandise revenue: $371,000,000
Annual revenue: $556,000,000
1. New York Yankees
- Average attendance: 40,795
- Average ticket price: $86.85
- Revenue per home game: $8,432,098.77
- Gate receipts per home game: $3,543,209.88
- Yearly gate receipts: $287,000,000
- Food and merchandise revenue per home game: $4,888,888.89
- Yearly food and merchandise revenue: $396,000,000
Annual revenue: $683,000,000
More From GOBankingRates
- Here's the Average IRS Tax Refund Amount by State
- 30 Biggest Do's and Don'ts When Buying a Car
- 27 Ugly Truths About Retirement
- 17 Hidden Auto Costs Your Dealer Will Never Tell You About
Methodology:In order to find what a season played in empty stadiums would cost each franchise, GOBankingRates looked at Forbes' team evaluations for Major League Baseball (MLB). Using these reports and attendance reports for the most recent completed season with full attendance from Baseball Reference (2019), GOBankingRates found the following data points to measure the revenue each franchise will lose out on in one season without fan attendance; (1) yearly revenue, (2) revenue per home game, (3) yearly gate reciepts, (4) gate recipets per home game, (5) average attendance, (6) average ticket price per home game, (7) yearly food and merchandise revenue, (8) food and merchandise revenue per home game. All data was collected on and is up to date as of February 8, 2021.
How Does Mlb Make Money With Empty Stadiums
Source: https://www.gobankingrates.com/money/business/baseball-considers-season-fans-playing-empty-stadiums-would-cost-mlb-franchise/
Posted by: bahenaxviver.blogspot.com

0 Response to "How Does Mlb Make Money With Empty Stadiums"
Post a Comment