Spectator sports, event promoters, artists and related industries bounce back in 2022
Businesses in the spectator sports, event promoters, artists and related industries subsector earned $11.1 billion in operating revenue in 2022, up 51.6% from 2021.
This subsector has largely recovered from the COVID-19 pandemic, with operating revenue 5.5% higher than in 2019, prior to the pandemic. Spectator sports accounted for the largest share of operating revenue (35.1%), followed by promoters (presenters) of performing arts, sports and similar events (34.0%); independent artists, writers and performers (25.0%); and agents and managers for artists, athletes, entertainers and other public figures (5.9%).
After two years of declines, operating revenue for the spectator sports industry group and the promoters (presenters) of performing arts, sports and similar events industry group rebounded in 2022 to pre-pandemic levels. Operating revenue for independent artists, writers and performers (+14.4% to $2.8 billion) and agents and managers for artists, athletes, entertainers and other public figures (+27.0% to $653.7 million) also fared well in 2022.
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