30 years of economic research shows large public subsidies don't generate the economic returns promised by teams and politicians.
CLEVELAND, Ohio – More jobs, more tax revenue, more spending at local businesses -- all totaling hundreds of millions of dollars in economic benefits for the Cleveland area.
The presence of major league sports team in an urban area was found to have no overall impact on wages or income, according to research from, they found there was a small bump in earnings for local workers in the amusement and recreation sector, but those increases were offset by decreased earnings and employment in other sectors of the economy. And when it comes to construction jobs, aexamination of two venues built in St.
In short, that means fans aren’t spending more money overall because a sports team is located in a particular city. They’re just pumping money into that sports-related business, instead of spending it on other regional entertainment options, like movies or concerts. Using historic hotel tax collections in a handful of U.S. cities between 2012 and 2019, Matheson found that NFL regular season games generate about 21,000 room-nights at hotels in a given city each year. While that average generated $11 to $12 million in hotel spending, only a fraction – about $2 million in taxes – flowed into public coffers for such cities.
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