Sports Economy Research Paper

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Brooke Cooper
LIM College
Sports Economy

Each year the sports economy is continuing to grow expeditiously particularly with their revenue and profit. Professional sports are a part of this as well as big time collegiate athletes and dominant division 1 college programs that have begun to multiply with regard to generation of yearly revenue and profit. Both college football and college basketball have made the greatest advancements over the past twenty to fifty years in terms of revenue and profit. This is mainly due to television contracts and popularity among the general public with attending games and purchasing merchandise. The sports economy is a billion-dollar business that helps our economy by giving back, and creating …show more content…
Burrow discusses the impact that sports have on the United States economy deemed that the sports industry as a whole brings in roughly 14.3 billion in earnings per year, which demonstrates the immense impact that sports has on economic activity (Burrow, 2013). The numbers become even more staggering in terms of revenue and profit generation as a 2014 article found that about 10.5 billion per year is the combined college sports revenue, of which the majority percentage is from college football and basketball (“Justice for jocks,” 2014). The majority of this revenue is generated from TV contracts, attendance, and purchasing of merchandise, the combined revenue for college sports exceed the revenue of any single professional league alone (“Justice for jocks”, 2014). While this statistic can be deceiving considering it encompasses the total revenue produced by all college sports in comparison to a single professional league, the numbers are just as daunting when only the major college football and basketball programs are taken into consideration-as these are the programs which generate the majority of college sports revenue (Kahn, …show more content…
(2013, July 10). Not Just a Game: The Impact of Sports on U.S. Economy. Retrieved from http://www.economicmodeling.com/2013/07/09/not-just-a-game-the-impact-of-sports-on-u-s-economy/
Justice for jocks. (2014, August 16). Retrieved from http://www.economist.com/news/leaders/21612156-americas-exploitative-college-sports-system-can-be-mended-not-ended-justice-jocks
Kahn, L. M. (2006, July 24). The Economics of College Sports: Cartel Behavior vs. Amateurism. Retrieved from https://papers.ssrn.com/soL3/papers.cfm?abstract_id=918743
Karaim, R. (n.d.). Paying College Athletes. Retrieved May 02, 2017, from http://library.cqpress.com/cqresearcher/document.php?id=cqresrre2014071100
Manfred, T. (2013, September 05). Two Charts That Expose How Badly NFL Players Get Paid. Retrieved from http://www.businessinsider.com/charts-expose-how-badly-nfl-players-get-paid-2013-9
Petchesky, B. (2015, July 21). The NFL Split $7.2 Billion In Revenue Sharing Last Year. Retrieved from http://deadspin.com/the-nfl-split-7-2-billion-in-revenue-sharing-last-year-1719217695
Soloman, J. (2015, December 18). Inside College Sports: SEC, Big Ten dominate $100M revenue club. Retrieved from

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