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College football is canceled–and everyone is paying the price.
The Big Ten and The Pac-12, two of the biggest conferences in college football, have announced they’re hanging up their cleats for the season. For the Pac-12, this is the first time games won’t be played in 100 years. And while players, coaches and fans are feeling the pain, so are bookies.
When news first broke the conferences were considering canceling the season, sports-betting stocks took a tumble. DraftKings, one of the most well-known betting sites, took a 12% hit. Others, including Penn National Gaming and Flutter Entertainment, reported an 8% and 4% drop respectively.
Then consider the schools themselves. When you think of ticket sales, money from boosters and sponsorship dollars, schools are looking at billions of dollars in losses. Some schools say as much as 85% of revenues to departments come from football.
Some colleges are asking season ticket holders to turn their tickets into donations–while others are looking anywhere for extra revenue.
The hits keep on coming, even off the field.
About Brian
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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Brian's diverse experience and unique perspectives combine with his pleasant and personal manner to engage audiences on many levels. From his days as an Air Force squadron commander to his long career as a business journalist, commentator and public speaker, Brian's approach to speaking and presentation is thought-provoking, inspirational and creative.
"The Technology Tornado: Media & Communications in the Modern Era"
See highlights from Brian's recent Ernst & Young "Continuing Education Conference" speech and hear directly from conference attendees.
Phoenix Convention Center
August 28th, 2019
Additional speech samples / videos are available upon request. Contact Brian to learn more.
