By: Lanetra Bennett
August 28, 2014
Tallahassee, FL - Winning college football teams bring more than just glory to their schools. Experts say they also help boost economic activity in their hometowns.
With a 2013 BCS Championship under its belt, the FSU Football Team is expected to bring in millions this season.
FSU alum, Peter Davis, says, "When you got a team you know is good, undefeated, people buy tickets; people come from afar. People don't like to show up to games that they think they're going to lose or could lose. If last year is any indicator, we don't lose."
A new report from Florida TaxWatch highlights the economic benefits of Florida's seven Division I NCAA football teams.
It estimates FSU will generate $1.5 million per game for non-conference games, $5 million for conference games, premier games will bring in $7 million and $10 million for top end games.
That's money being spent at local businesses, hotels, and restaurants. An assistant manager at Po' Boys Creole Cafe on Pensacola Street, Maddie Menzel, says, "On an FSU homegame, it is absolutely nuts in here, packed, lines out the door people waiting for hours. We have ten TVs, so there's tons of space to watch it. It's pretty awesome."
The report says revenue from merchandise sales are also impacted. FSU's ranking in merchandise sales jumped from 21st to 8th in the country.
The full report can be viewed at, http://www.floridataxwatch.org/resources/pdf/Aug14ECFINAL.pdf.
Press Release: Florida TaxWatch
TALLAHASSEE, FLA. - On the precipice of college football kickoff, a new report from Florida TaxWatch highlights the economic benefits of Florida's seven Division I NCAA football teams. The Economic Commentary from the nonprofit, nonpartisan watchdog group explains how football programs increase revenue for schools and the state as a whole. Successful programs contribute to economic activity for local communities.
"Florida taxpayers should be cheering on Florida football programs this year, because Florida team wins create value for the state," said Dominic M. Calabro, President and CEO of Florida TaxWatch.
Tallahassee, home to the 2013 National Championship team, the Florida State Seminoles, anticipates between $1.5 to $10 million in economic activity generated per game. The 2017 College Football National Championship Game will be held in Tampa, which could generate $350 million for the local and state economies. Local and state budgets also benefit from increased sales tax revenues.
Some programs, such as the University of Florida Gators, also contribute their own revenue for academic need. The Gator football program contributed $7.2 million to the university in 2012.