Adi Wyner, Faculty lead of the Wharton Sports Analytics and Business Initiative Explains the Impact of Sports on Finances in Penn Today.
October 26, 2022
Philadelphia is potentially on the verge of crowning itself as the new city of champions with the Phillies set to play in their first World Series since 2009, the Eagles 6-0 and the NFL’s only undefeated team, and the Union holding the best record in the MLS’s East Conference. Basketball and hockey just started their seasons, but big things are expected from the Harden- and Embiid-led Sixers and there’s always hope for the Flyers.
Fanatics in Philadelphia are fired up as usual, but how much does all this sports fandom cost?
According to the MLB and NFL, the demand for Phillies and Eagles games have risen as each team has racked up more and more wins.
Before their Game 5 win over the San Diego Padres in the National League Championship Series, Phillies tickets sold for an average of $372.32 per ticket, per the MLB. According to CNBC, the average ticket price for upcoming World Series games in Philadelphia is more than $3,000—the second-highest price for a single championship game in over a decade.
According to StubHub, tickets for Sunday’s Steelers vs. Eagles game at Lincoln Financial Field range from $261 to $9,214, not to mention the cost of parking, snacks, and souvenirs.
Adi Wyner, a professor of statistics and faculty lead of the Wharton Sports Analytics and Business Initiative says the high cost of being a sports fan is simple supply and demand.
Read more in Penn Today.