Wednesday, July 30, 2008

Not Just a Game, Sports are BIG Business

Many Southern Californians are literally going out to the ball game.

A new study reports that sporting events contributed five Billion dollars to the Southern California economy in 2007.

Up from one point six Billion in 2005.

The Los Angeles Area Chamber of Commerce and the L-A Sports Council studied data from 55 local sports organizations—excluding high school sports and “one time only” events.

The President of the Los Angeles Sports Council- David Simon says there are many reasons for why sports are a booming business.

Simon says it’s because of increased tickets prices, tickets sales and more people being interested in sports.

Simon also says attendance just doesn’t apply to professional teams- it also affects minor league and college events.

About 25 Million southlanders attended a sporting event last year.

That number is down by close to four Million from 2005 data.

The Dodgers had the highest attendance of all Southern California sports franchises with three point eight Million attendees.

Also the study reports local sports organizations provide more than 14-thousand jobs.

Los Angles County generated 79 percent of all southland sporting events revenue.

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