After 100+ matches and 100 million memes, the World Cup concluded yesterday. Spain outlasted Argentina in extra time to win 1–0, thanks to a defense that snuffed out more shot attempts than a locked liquor cabinet. But while Spanish players got to hoist the shiny World Cup trophy over their heads, they weren’t the only ones that went home with gold.Governing party: FIFA, soccer’s international governing body, is expected to announce record World Cup revenue of $15 billion from this year’s tournament, easily topping the $11 billion it had projected, according to the Guardian. Part of that comes from the decision to implement dynamic pricing, and the fact that FIFA gets a cut from ticket sales in the secondary market. Yahoo, citing Gametime, reported the median price for a ticket to the final match was a record $10,835.OK, so besides FIFA…Bank of America’s CEO estimated that the World Cup generated about $20 billion in economic activity in the US, with restaurants and bars among the biggest winners. According to the Beer Institute trade association:Beer sales spiked 4% nationally during the first four weeks of the World Cup, compared to the same period last year.They jumped 14% in host cities (looking at you, Tartan Army).On brand: According to MediaRadar, brands spent at least $857 million during the tournament’s matches, the Sports Business Journal reported. And Fox Sports, which owned the US broadcast rights, raked in hundreds of thousands of dollars per 30-second ad. Jerseys flew off the shelves, too—even the counterfeit ones that spell Messi with a “Y.”What about the future? Before the final started, more than $1.2 billion was traded on Kalshi, just on the question of who would win the World Cup, CNBC reported. Over the course of the tournament, the prediction platform said it netted 3 million new users.Not everybody won. Workforce platform UKG projected in June that the tournament could end up costing US employers $11.7 billion in lost productivity. Well, maybe if the semifinal games didn’t start at 3pm ET…—BC
Spain wasn’t the only World Cup winner
FIFA, soccer’s international governing body, is expected to announce record World Cup revenue of $15 billion from this year’s tournament.
FIFA, soccer’s international governing body, is expected to announce record World Cup revenue of $15 billion from this year’s tournament.
- After 100+ matches and 100 million memes, the World Cup concluded yesterday.
- Part of that comes from the decision to implement dynamic pricing, and the fact that FIFA gets a cut from ticket sales in the secondary market.
- Before the final started, more than $1.2 billion was traded on Kalshi, just on the question of who would win the World Cup, CNBC reported.
- Over the course of the tournament, the prediction platform said it netted 3 million new users.Not everybody won.
- Workforce platform UKG projected in June that the tournament could end up costing US employers $11.7 billion in lost productivity.
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