The Economics of the Super Bowl

The Super Bowl is a significant event in the United States, and its annual economic impact is massive. For example, the economic impact of the 2023 Super Bowl in Phoenix, AZ, is estimated to be over $400 million. This includes spending by visitors, media, sponsors, and NFL teams.

Most money comes from selling tickets, merchandise, and food and beverage. For example, the average ticket price for this year’s Super Bowl was around $5,400. This means that the NFL and the stadium made millions of dollars from ticket sales.

In addition to ticket sales, the Super Bowl also hugely impacts the local economy. This includes hotel stays, restaurant visits, and shopping. The Super Bowl also brings a lot of media attention, which is also excellent for the local economy.

The economic impact of the Super Bowl extends beyond the city hosting the game. Companies across the United States benefit from the Super Bowl’s media attention. This includes companies that manufacture and sell sports merchandise, food and beverages, and advertising.

The Super Bowl is also an excellent opportunity for businesses to advertise and promote their products. Since the Super Bowl has such a large audience, companies have the chance to reach millions of potential customers.

Overall, the economic impact of the Super Bowl is tremendous. It brings in millions of dollars in revenue for the NFL, its teams, and local businesses in the host city. It also brings a lot of media attention, which can help businesses across the United States.

Moustafa Maher, Economist.

What time does the Super Bowl start on Sunday, February 12th 2023?

The Super Bowl LVII is scheduled to kick off at 6:30 p.m. EST/4:30 p.m. MST at State Farm Stadium in Phoenix, Arizona. However, the stadium’s doors are open at 12:30 p.m. Tickets prices this year start at $5,400, but there are rumors that you might get them cheaper from some vendors.

Check out the latest article about the economics of the Super Bowl here on Moustafa Maher website.

How to protect your investments before and after markets crash ?

There is no doubt that we are heading toward Markets Crash. We could face it sometime in the near future, a Black Monday. The magnitude of the upcoming crash will be bigger than 1987 & 2008 combined. However, the good news is that there are several strategies that investors can use to protect their investments before and during a market crash:

Hedging:

There are many ways of hedging:

1) Hedging in Cash: As the old saying goes: Cash is King. You can liquidate your investments and hold them all in a High-Interest Savings Account until the crash happens and then decide on your next move or investment.

2) Hedging your investment portfolio by taking positions in options, futures, or other derivatives can help to offset potential losses during a market crash.

3) Segregated Funds: Some jurisdictions, such as Canada, allow certain financial institutions to create Mutual Funds or ETFs and segregate them from market losses for a specific term until maturity.

Holding cash: Holding cash or cash equivalents, such as short-term government bonds, can provide liquidity and flexibility during a market downturn, allowing you to take advantage of potential buying opportunities.

Be informed and stay calm:

Keep informed about the market conditions.
Be aware of potential risks.
Stay calm during a market crash.

Panicking and making emotional decisions can lead to selling at the wrong time and missing potential recovery.

It’s important to note that these strategies do not guarantee to protect your investments during a market crash. Also, you should always consult a financial advisor before making investment decisions.

Economist: Moustafa Maher