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Cake day: July 24th, 2023

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  • Economists who have researched this topic for decades have found that the rosy economic impacts teams promise rarely pan out. “Though findings have become more nuanced, recent analyses continue to confirm the decades-old consensus of very limited economic impacts of professional sports teams and stadiums,” the Kennesaw State University professor J.C. Bradbury and his coauthors concluded in a February 2022 review of more than three decades of studies on economic impacts of stadiums. Even when adding in social benefits from stadium investments, welfare improvements from hosting teams tend to fall well short of how much the government spent to obtain it. Put simply, the authors found, “the large subsidies commonly devoted to constructing professional sports venues are not justified as worthwhile public investments.”