Sunday, December 10, 2017

Study Reveals How Much Americans Spend on Sporting Events Annually


Since early 2016, Macmichael Nwaiwu has served as the lead engineer of transmission integrity management for the Detroit, Michigan-based DTE Energy. In this role, he meets with both government and regulatory agencies in matters pertaining to TIMP compliance. In his free time, Macmichael Nwaiwu likes to attend sporting events

According to a September 2017 study, from August 2016 to August 2017, consumers paid a whopping $56 billion to attend sporting events. The study, conducted by the website creditcards.com, factored in the cost of transportation, food and drink, and ticket price.

Breaking the figures down by earnings, it is no surprise that income played a large role in determining which demographics attended sporting events. Fans who made less than $30,000 a year only made up for 26 percent of that $56 billion, while sports fans making over $75,000 a year made up 49 percent. 

The study also found that older people attended less sporting events than younger sports fans. 21 percent of respondents were 53 or older while fans between the ages of 18 and 52 accounted for 43 percent.

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