Consumer spending on live sporting events by 25 % of prenatal levels

New analysis from Bank of America Institute I found that consumer spending on live sporting events has increased significantly compared to prenatal levels, which raised a rise in spending in restaurants and nearby bars.

David Tinsley, the chief economist at the Bank of America, told the Fox Business in an interview that consumers have chosen their spending on live experiences, such as Sporting events The concerts, which have risen in the years since the epidemic.

“There was a lot of interest in things like” Tour “Taylor Swift” Tour “, and this type of live vehicle. But besides that, spectacular spending was already stronger than some of this spending on direct entertainment,”.

The Bank of America’s Institute’s analysis found that consumer spending on live sport increased by 25 % compared to 2019 – which exceeded growth in live entertainment spending such as concerts, according to the data of the Economic Analysis Office. The attendees also rose in sporting events, which helped to push this spending up.

It is expected that the Ministry of Justice will review the ESPN-NFL on the possible competition concerns: Report

Research analysis on the impact of live sporting events on local economies using the data of the Bank of America Institute, including credit card data and unknown and unknown discounts, to consider spending in postal symbols and stadiums through events and sports seasons. The 2025 FIFA Club World Cup reviewed along with The main baseball league (MLB) games to compare one -time event with a frequent seasonal event.

On 12 sites throughout the United States that hosted the club’s World Cup games, Tinsley said that “the postal symbols in which these games played in the tournament, we saw great spending leaps.

Tinsley explained that the height was often driven Spending consumers On food and drinks, although the parking lots are increased as well. He pointed out that in the case of the Metlife Stadium in East Rutherford, New Jersey, who hosted the semi -finals and the club’s World Cup, the loading was uploaded to the timing of these games.

Sen John Thne provides a possible solution to reform nothing: “Like the American Football Association without a contract.”

The analysis found similar patterns in MLB games, with spending in the postal code around them Yanki Stadium In Bronx, 25 % compared to Offseason, while Citi Field in Queens also increases by approximately 29 %. Food and drink spending a lot – an increase of about 76 % at the Yanki Stadium and 66 % in City Field.

When the Mets and Yankees team clashed in the “subway chain” this year, the average daily spending doubled near the Yankee stadium and rose by 60 % City field Compared to the average daily amounts in the same month last year.

“We have found the biggest influence in Saint Louis and Boston, the spending there is about 60 %, and some with slightly smaller effects,” Tinsley said. “This is partly because we have some where a lot happens, then it is sometimes difficult to distinguish the effect of spending from games with other activities in the neighborhood.”

The 2026 World Cup is expected to bring an economic boost to the American host cities

Regardless of the usual seasonal sporting events, the United States, Canada and Mexico will also host FIFA World Cup Next year with an expanded field of 48 countries, its team will play a total of 104 games in the stadiums around the continent. Eleven stadiums in the United States host games, along with three in Mexico and two in Canada.

“It will not be surprising at all to see a greater influence next year. It is a bigger deal in the world of football, the world of football, from the club’s World Cup.”

Get Fox Business on the Go by clicking here

The United States hosted the last time the World Cup in 1994, when it was the only host of the event, and the event’s return is expected to provide economic benefits.

The analysis of the Bank of America Institute indicated that a study conducted by FIFA and the World Trade Organization estimated that the FIFA World Cup for 2026 will strengthen the economy with about $ 17 billion and support up to 185,000 jobs.