Revenue Impact of Lost NFL Season on Maryland

If the entire NFL season is canceled, the state of Maryland will lose approximately $40 million, according to one study.

Both the Redskins and Ravens play their home games in Maryland. Direct and indirect activity from the two teams’ home games would bring in an estimated $40 million in tax revenues for the state. If the season is canceled, that money would be lost. Maryland is one of many U.S. states needing increased revenues as it endures the road to economic recovery.

The study states, “Maryland, which hosts two NFL teams, could see a measurable impact on its economy and state and local tax revenues if the NFL season is cancelled or shortened.”

It adds, “Maryland will face a significant revenue shortfall from lost income tax revenues in the event of a full-year lockout. The state could lose between $11.01 million and $12.31 million in direct income tax, while counties could lose between $6.75 million and $7.54 million.”

Read the entire report for yourself here: Revenue Impact of Lost NFL Season (PDF).

Read a recent news story about this topic here.

Tags: CBA, DeMaurice Smith, economy, Football, Labor, Litigation, Lockout, Maryland, nfl, nflpa, revenue, Roger Goodell, Settlement

This entry was posted on Wednesday, June 22nd, 2011 at 2:53 pm and is filed under Who Cares About a Lockout?. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.