Inaugural Miami Beach Bowl Kicks Off Today Aspen Faces Battle For WC Races Taxpayers Pay For Travel To '15 Pan Am Games TSN NLL NFL Flexes Bengals-Steelers Blake Griffin Stars In Kia Ads Cardinals Fans Preview Super Bowl App Raptors Offer Peek At New Logo, Brand Identity College Football Bowl Season Kicks Off Rays' Ballpark Talks May Be Back On Track
SBD/7/Collegiate SportsPrint All
Penn State's (PSU) home football games are "a money- making machine," according to Ed Moran of the PHILADELPHIA DAILY NEWS. Ticket sales account for a weekly take of $2.189M or "approximately $13.1[M] annually," as 65,000 season tickets are sold at $28 each; game-day sales account for another 2,967 seats; and students get 20,000 tickets issued through a lottery system at $14 each. Concessions take in another "estimated $200,000" per game, and game merchandise brings in $2.5M per year. PSU will also take in $1.8M in TV revenue this season. PSU is in the midst of an economic impact study, the first since '87, which showed that PSU football fans "spent about" $40M per season and an average of $5.7M for every home-game weekend. PSU Dir of Public Information Bill Mahon said that he "expects" the $40M "figure to be far exceeded" in its next study, citing expansion of Beaver Stadium by 10,000 seats and the additional hotel rooms in the area (DAILY NEWS, 11/6).