Detroit Ranks As A Most Valuable City In Pro Sports
Online Betting Guide (OLBG) recently analyzed the revenue each professional team brings into their home city. They focused on the five major leagues; NFL, NBA, MLB, NHL, and MLS. As a result of these numbers, Detroit ranks as one of the top 10 most valuable pro sports cities in the country.
Detroit benefits greatly in this report given four of their major sports team play within city borders. As a result, Detroit ranked as the seventh most valuable pro sports city with the four teams (and three stadiums). OLBG found that the current pro sports revenue was $1.189 billion.
OLBG also looked at these figures from a state perspective. In doing so, Michigan holds the 14th most valuable pro sports market in the country. However, the state is projected to see a 29% increase in sports revenue by the year 2030.
What Cities And Markets Are At The Top?
There are no major surprises here other than what you may expect the order to be. In the cities category, Chicago, New York, Arlington, and Los Angeles are the top four, respectively. However, in OLBG’s forecasting, New York is expected to take over the top spot by the year 2030 with an estimated revenue of $2.487 billion.
On the state level, the top four align to California, Texas, Florida, and New York. The Sunshine State appears here as the state has four major cities home to pro sports teams.
The Lions had a promising 2022 season, and the Red Wings’ historic franchise always draws a crowd. Furthermore, Comerica Park consistently draws baseball enthusiasts from around the world each season.
Michigan obviously has a well-established and passionate fanbase. Therefore it should come as no surprise that Detroit ranks as the seventh most valuable pro sports city in the country.