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The NFL is easily one of the most popular sports leagues in the world. It has some marketable players and the richest owners in sports. Some people call the league the billionaire's club, an assessment that cannot be disagreed, as even the smallest teams are owned by some of America's richest men and women.
Hence, it cannot be surprising that the National Football League is an entrepreneur's dream, thanks to the billions of revenue generated. The league commissioner, Roger Goodell, had a $25 billion by 2027 goal at the beginning of last decade; it's fair to say that the league is well on track to surpass the goal.
Last year was productive for the league, so let's look at how the figures added up.
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How much money did NFL make in 2021?
The revenue figures for 2022 are yet to be out, so we might have to analyze last year's figure instead.
The 2021 season culminated with the Los Angeles Rams lifting the prestigious Super Bowl trophy, bringing the title to the City of Angels. The Rams had a stellar run to the finals, holding off a spirited fight from the Cincinnati Bengals. The Rams Super Bowl win certainly brought some financial incentives to LA.
According to Sportico.com, the league's national revenue for 2021 was $11 billion. The money was generated by the league, which was shared by the 32 teams, which works out to $343.75 million per team.
It's important to note that in 2019, the league racked up revenue of $15 billion, before the COVID-19 pandemic. The pandemic has affected the league's revenue stream in the last three financial years (2020, 2021 and 2022), which could change in 2023.
What are NFL's revenue streams?
NFL commissioner, Roger Goodell, is a master in unraveling numerous income streams. Over the years, the league has diversified, ensuring that they do not put all their eggs in one basket.
The league's substantial revenue streams include sponsorships, partnerships, media (both broadcasting and digital), ticket sales and concessions. All that has added to the value of the NFL brand, ensuring that the league stands the test of time coupled with the social media boom.
For instance, in 2020, the National Football League's regular season ticket revenue made up about 1.25% of the league's total revenue. Furthermore, television rights are also a solid money maker for the league, as numerous football games take over the list of most watched TV programmes every year in the USA.
