{"id":562,"date":"2020-07-14T11:41:36","date_gmt":"2020-07-14T11:41:36","guid":{"rendered":"https:\/\/www.safebettingsites.com\/?p=562"},"modified":"2022-03-31T08:22:06","modified_gmt":"2022-03-31T08:22:06","slug":"nba-sponsorship-revenue-to-grow-by-159-over-the-last-10-years","status":"publish","type":"post","link":"https:\/\/www.safebettingsites.com\/2020\/07\/14\/nba-sponsorship-revenue-to-grow-by-159-over-the-last-10-years\/","title":{"rendered":"NBA sponsorship revenue to grow by 159% over the last 10 years"},"content":{"rendered":"\"NBA\n

Over the last decade, the National Basketball<\/a> Association has been focusing on new revenue streams to supplement returns from television viewing. Strategies adopted by the association are paying off thanks to the increasing sponsorship revenue.<\/p>\n

Data gathered by Safe Betting Sites<\/a> shows that the NBA sponsorship revenue is projected to grow by 159.33% between 2010 and 2020. The revenue will be highest during the current 2019\/20 season at $1.39 billion while during the 2009\/10 season the revenue stood at $536 million. From this period, the revenue has been rising steadily. The figure surpassed the one billion mark during the 2017\/18 season when the sponsorship revenue was $1.12 billion and later grew by 15.89% to 1.29 billion in the 2018\/19 season. From the data, the biggest growth was between the 2016\/17 and 2017\/18 season with a percentage increase of 30.08%. Over the past decade, the revenue amounted to $9.24 billion<\/strong>.<\/p>\n

Our research also overviewed sports sponsorship spending in the United States from 2014 to 2024. By 2024, the spending will grow to $19.8 billion, an increase of 27.74% from the estimated 2020\u2019s figure of $15.5 billion. By next year, the spending will stand at about $16.4 billion, which will later increase by\u00a0 6.09% to $17.4 billion by 2022. In 2023, the spending is projected to stand at $18.5 billion.\u00a0 Between 2014 and this year, the sponsorship has grown by 28.09%. From the data, the lowest spending was registered six years ago at $12.1 billion.<\/p>\n

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