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MLB shows impressive revenue: total revenue in 2024 will reach a record of $12.1 billion

Major League Baseball(MLB)According to Forbes magazine on the 28th, the total revenue of the major leagues last year was as high as $12.1 billion, a new historical record, an increase of 4.3% from $11.6 billion in 2023. Inflation-oriented, major league revenue has grown by 15.2% since 2012.

Major league revenue hit a new high, and the picture shows Shohei Ohtani who won the championship after switching to the Dodgers last year

According to the report, these revenue figures do not include the team's commercial development projects around the stadium, such as the "The Battery" project around the Atlanta Braves' home stadium, the revenue from the team's own regional sports channel (RSN) or other related businesses. According to Forbes estimates, the total revenue of the 30 teams in 2023 will be about $11.34 billion, with an average of $378 million per team, the largest increase since 2015.

The revenue growth of the major leagues in recent years is mainly due to the increase in sponsorship revenue and audience attendance. In 2023, league and team sponsorship revenue will reach a record high of nearly $1.9 billion; In addition, the number of arrivals in 2024 will climb for the second year in a row, and the annual increase will be the largest since the expansion of the team in the late 90s. While regional sports channels have been challenged by the rise of streaming platforms, overall media rights revenue remains one of the key pillars of the major leagues.

From the devastation of the pandemic to the full recovery, the big leagues have proved their strong business resilience and potential for continued growth with real figures, and the latest data shows that the major leagues have recovered quickly from the impact of the pandemic in 2020 and 2021 and continue to grow steadily.

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