STHM 1113 Lecture 6: Leisure 6
6 May 2018
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• U.“. “ports Industry
o The estimated worth of the overall sports industry is $470 billion. This is broken
down into the following sectors.
▪ 1. Major League Baseball: $6.8 billion
2. National Football League: $8.8 billion
3. National Basketball Association: $3.7 billion
4. National Hockey League: $3.4 billion
5. National Collegiate Athletic Association: $871.6 million
6. Spectator Sports: $33.1 billion
7. Sporting Goods Retail Sales: $42.6 billion
8. US Health Clubs: $21.8 million
9. Nascar: $612.4 million
• Bureau of Labor Statistics
o Arts, Entertainment, and Recreation Sector:
▪ The Arts, Entertainment, and Recreation sector includes a wide range of
establishments that operate facilities or provide services to meet varied
cultural, entertainment, and recreational interests of their patrons. This
sector comprises (1) establishments that are involved in producing,
promoting, or participating in live performances, events, or exhibits
intended for public viewing; (2) establishments that preserve and exhibit
objects and sites of historical, cultural, or educational interest; and (3)
establishments that operate facilities or provide services that enable
patrons to participate in recreational activities or pursue amusement,
hobby, and leisure-time interests.
o Some establishments that provide cultural, entertainment, or recreational
facilities and services are classified in other sectors.
o Subsectors include:
▪ Performing arts, spectator sports, and related industries
▪ Museums & historical sites
▪ Amusement, gambling, and recreation industries
• No One Has to Do It.
o Food, housing, transportation – must haves; no alternatives
o Leisure – The Reality of Substitution
▪ Always a choice and most passive choices are most popular
▪ Dinning out, reading, BBQ, playing cards, watching TV = cheap &
accessible
▪ Many, many alternatives, including doing nothing at all
o Traditional Supply-Dead Ecooics Do’t Apply
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