Nevada is NOT paying for the A's new stadium.

They are just allowing the A's to not pay the taxes every other company has to pay and then having the team to use those tax savings to pay for the stadium.

Glad we got that cleared up.

This is an excellent primer on the economics of stadium subsidies. Includes interviews with Victor Matheson and me.

Check out my article at The Conversation about the failed stadium vote in KC last Tuesday.

Lots of handwringing over the past several days, but good for taxpayers in the end.

theconversation.com/why-the-chiefs… via The Conversation U.S.

KC, MO average household income = $65,256
KC, MO poverty rate = 14.9%

Oakland average household income = $94,388
Oakland poverty rate = 13.2%

Yup, having teams vs. not having team has sure decimated Oakland.

Well, it looks like all of us can now be completely replaced. My Provost will be pleased with the cost savings.

Apparently Channel 2 News in Reno interviews only the best-looking sports economists. Brad "Pencil-necked Geek" Humphreys

2news.com/news/local/nca… via 2 News Nevada

I get to do several of my favorite things in this article: talk about women's soccer, hear from my great colleague Nola Agha, and drag on England's men's national team. It's a win, win, win!

commercialobserver.com/2024/03/nwsl-s…

Even economists like me who should know better buy into the lottery associations' framing of advertised jackpots. Just remember, this week's $1.23B jackpot is no such thing.

nytimes.com/2024/03/29/bus…

The big lotto games are dealing with serious 'jackpot fatigue.' This week's $1B Powerball jackpot attracting half the number of buyers as a similar jackpot back in October 2022.

nypost.com/2024/04/03/us-… via New York Post Metro

As I note to Marketplace, you can't count on sportsbooks to regulate themselves. They make the majority of their money from gamblers that many people would think have a gambling problem.

marketplace.org/2024/03/28/onl…

Stadiums funded by gambling proceeds are being paid for mostly by poor people who can't afford to enjoy the opulent amenity-laden spaces that new venues are designed to provide.

When voters say 'no' to new stadiums, what do professional sports teams do next? apnews.com/article/royals…

'Other metro areas without an MLB team would be interested in wooing the team with hefty incentives and a new stadium.'

Really? Exactly what cities are those? Oakland? LV? Nashville? Tampa? Montreal? No one wants to hand over money to billionaires.

kansascity.com/news/politics-…

Weird how they do this w/o relying on a slic eof revenue from FB or MBB.

Pictures of sports economists! It’s like the Sports Illustrated swimsuit issue!

thebaltimorebanner.com/economy/growth…

The great Victor Matheson from College of the Holy Cross with a terrific explainer why it’s important to continue to study sport economics at a conference at UMBC, organized deftly by Referee 2. Thrilled to be here to present some of our research on Formula 1 sponsorship.

The typical MLB stadium between 1990 and 2019 hosted fewer than 5 major events per year outside of MLB games.

Not going to happen.

Poll: Should taxpayers be forced to subsidize stadiums for professional sports teams?

1150 out of the 1200 schools in the NCAA lose money on football, yet they all seem to offer a full range of sports.

To be fair, anyone who doesn't ask about what the job pays during a job interview is an idiot.