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2006
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Highlights
- Operating revenues for professional and semi-professional sports clubs and teams, as well as horse race tracks and other spectator sports, rebounded in 2006.
- Revenues rose by over $600 million to $2.2 billion in 2006. During the previous year, revenues had declined by approximately $700 million to $1.6 billion.
- The recovery in 2006 was partly attributable to the return to action by the National Hockey League after a 310-day lockout that cancelled the 2004/2005 season.
- Salaries, wages and benefits were also on the rise. Consequently, total operating expenses for the industry also grew, though at a lesser pace, resulting in an operating profit margin of 3.5%, an improvement over a 4.6% loss in 2005.
- Spectator sports is only one segment of the total industry. This publication also makes available estimates for another segment that covers promoters (presenters), agents and managers, and related industries.
- These other industries combined generated $1.8 billion in operating revenues in 2006. Promoters of performing arts, sports, and similar events, which comprise both non-profit and for-profit establishments, registered an overall operating profit margin of 2.1%.
- The industry of agents and managers for artists, athletes, entertainers, and other public figures generated an operating profit margin of 10.5%.
Note: The Annual Survey of Arts, Entertainment and Recreation Services formerly covered activities related to spectator sports, event promoters, agents, artists and related industries. Beginning with reference year 2006, these companies will be covered by the Annual Survey of Service Industries: Spectator Sports, Event Promoters, Artists and Related Industries.
