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COVID-19: sports industry revenue loss 2020

The COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and hundreds of thousands of jobs were put at risk as public sporting events across the country were cancelled. Analysis suggests that an estimated 2.2 billion U.S. dollars of national TV revenue for the sports industry could be lost as a result of the crisis.

Loss of revenue in the sports industry due to the coronavirus (COVID-19) pandemic as of May 2020, by segment

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Source

Release date

May 2020

Region

United States

Survey time period

as of May 2020

Supplementary notes

The source adds the following information: "The analysis... relies on assumptions that appear more remote with each passing day, such as the ability of Major League Baseball and Major League Soccer to salvage at least half their seasons with fans attending games. The analysis also assumes the NBA and NHL cancel the rest of their regular seasons and the playoffs are staged without fans. And that youth sports resume by July...it does not include projected losses from NASCAR, golf, tennis and several minor sports and gambling. The numbers also don't account for losses in the outdoor recreation industry, including hunting, skiing, recreational golf and tennis and fishing."

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