Understanding the Financial Impact of Ohio State Football Games
When it comes to college football, Ohio State University’s team is often at the forefront of discussions, not just for their on-field success but also for the financial implications of their games. How much money does Ohio State make per football game? Let’s delve into the various dimensions of this question.
Revenue Streams
Ohio State’s football program generates revenue through several channels. The most significant source is ticket sales. According to a report by the Wall Street Journal, Ohio State’s football stadium, Ohio Stadium, has a seating capacity of over 102,000. Assuming an average ticket price of $80, the revenue from ticket sales alone can be substantial.
| Revenue Stream | Estimated Revenue |
|---|---|
| Ticket Sales | $8,160,000 |
| Merchandise Sales | $1,200,000 |
| Concessions | $1,000,000 |
| Advertising and Sponsorships | $2,000,000 |
| Total | $13,160,000 |
Merchandise sales, concessions, and advertising and sponsorships also contribute significantly to the revenue. The table above provides an estimated breakdown of these revenue streams.
Costs and Expenses
While the revenue from a single game is impressive, it’s essential to consider the costs and expenses associated with hosting a game. These include player salaries, coaching staff compensation, facility maintenance, game operations, and more. According to a report by the Columbus Dispatch, Ohio State’s football program had a budget of approximately $30 million for the 2019 season.
Net Profit
After accounting for costs and expenses, the net profit from a single Ohio State football game can be substantial. Assuming a net profit margin of 30%, the estimated net profit from a single game would be around $3,948,000. This figure does not include the revenue generated from television rights, which is a separate and significant source of income for the university.
Impact on the University
The financial success of Ohio State’s football program has a ripple effect on the university as a whole. The revenue generated from football games helps fund other athletic programs, scholarships, and university initiatives. Additionally, the program’s success brings national attention to the university, which can lead to increased enrollment and donations.
Conclusion
How much money does Ohio State make per football game? The answer is not a simple one, as it depends on various factors such as ticket prices, attendance, and expenses. However, it’s clear that the financial impact of Ohio State’s football program is significant, both for the university and the local economy.
