How much money does the College World Series make? Exploring the NCAA tournament's earnings
According to propublica.org, last year's earnings for the College World Series of Omaha, Inc., was a total of $491,406. The College World Series of Omaha, Inc. The College World Series of Omaha, Inc., the non-profit organization that runs the CWS each year, made almost eight million dollars ($7.76 million), and over $7.2 million in expenses last year. This is a solid profit margin for a non-professional organization. Last year was the first season since 2020 that the C WS was profitable, following a downturn in 2021 and 2022. However, inflation is expected to increase, and it is a strong indication that the event will continue to attract fans. The profits help make the event better and as long as Omaha hosts the CW, profits will likely follow.
Pubblicato : un anno fa di Jordan Llanes in Sports Finance
According to propublica.org, last year's earnings for the College World Series of Omaha, Inc., was a total of $491,406. The College World Series of Omaha, Inc., is the organization that runs the CWS each year. They made almost eight million dollars ($7.76 million), and with expenses clocking in at over $7.2 million, it is definitely a solid profit margin, to say the least. Especially for a non-profit organization, which is what CWS Omaha Inc. is classified as.
Last year was the first season since 2020 that the CWS was profitable, as they took a hit post-pandemic in 2021 and 2022. However, like businesses and non-profits around the world, they were able to recover after COVID-19 rocked the world. Now, with prices rising around the United States due to inflation, the real question is: will the CWS make a profit in 2024 and beyond?
Based on past trend, College World Series figures to be profitable
Other than 2021 and 2022, the CWS has made a profit every single year since 2011. This trend is a strong indication that barring any unforeseen incident like a global shutdown, the CWS will continue to bring in fans. Going to a game at the ballpark is on many young fan's bucket lists, not to mention many older and lifelong fans of the game as well.
Attending a CWS game in Omaha is comparable to going to the Baseball Hall of Fame in Cooperstown, New York, or catching a game at one of America's hallowed baseball parks like Wrigley Field in Chicago or Fenway Park in Boston.
Adding up everything a typical fan spends at a baseball game, with the likely occurrence of raised prices in tickets and some other categories, it is a safe bet that the College World Series of Omaha, Inc., will once again be in the black once the 2024 Men's College World Series is all said and done.
Although it is a non-profit that runs year-round to make the CWS even better than the year before, the profits help make the event itself better. As long as Omaha hosts the CWS, profits will almost certainly follow.
Temi: Academia, College Sports, Baseball, Markets, World Series