The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Opening day in baseball has arrived, which means the 2021 MLB season is in full swing. With all 30 MLB ballparks allowing fans into the stands in some capacity this season, a new report looked back at the 2020 season to examine revenue loss across MLB.
Penn Bets estimated MLB revenue losses during the 2020 season for all 30 MLB teams based on average ticket price data and attendance figures from 2019, the last season MLB had full attendance.
Here’s what they found:
- MLB lost an estimated $2,474,793,849 during the 2020 season due to no live attendance.
- The top 10 teams with the largest revenue losses account for more than half of the overall league losses, accounting for more than $1.3 billion in league live attendance revenue losses.
- In 2019, these 10 teams drew a total of 30,353,937 fans to their home games.
- Top teams with the largest estimated revenue losses during the 2020 season: 1. Los Angeles Dodgers 2. Chicago Cubs 3. Boston Red Sox 4. New York Yankees 5. Houston Astros.
Take a look at the full report.