Sports
Sports
Sports
From the Locker Room to the Crowds
- The sports industry took losses in the billions from the affects that COVID had on both its players and audience.
- The highest requested change from the audience of sports events is adding hand sanitizers, which, through GermScan becomes an automated process.
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Prevention Before Pandemic
- At the time the season was suspended in March 2020, there were still 259 games left in the 2019/20 NBA regular season.
- Combined league gate revenues lost as a result of these cancellations was estimated at between 350 and 450 million U.S. dollars.
COVID-19: Sports Industry Revenue Loss as of May 2020
The Industry Revenue Loss figure grew to $28.6 billion as of November 2020.
Source:Emsi
YOUTH & COVID-19
In the United States, the youth sports industry is a $19 billion market annually, and the annual tourism impact from youth sports is estimated at $9 billion.
With youth sports being at a standstill for even 2 months, many youth sport organizations and municipalities have sustained significant financial loss.
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COVID-19: Youth Sports Industry Event Revenue Loss in the U.S. 2020
Key Figures
Number of Athletes Unable to Participate |
Over 2,000,000 |
Cost to Organizers |
Over $3,000,000,000 |
Reviving the Industry
The COVID-19 pandemic that spread across the world at the beginning of 2020 was not only a big threat to public health, but also to the entire sports industry. Several professional sports leagues, including the NBA, took the decision to postpone or suspend their seasons in order to mitigate the spread of the disease.
This unprecedented step has had huge financial implications for many professional teams, but we believe through our partnerships, it will thrive even more.
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