I was just about to educate Phrejd (and others) yesterday
Posted on: February 20, 2025 at 13:09:12 CT
JG
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when I was so rudely (and typically interrupted)
so here was my reply to his request that I do so. A little bit of economics (and math) for the ignorant:
Let's say a man takes his wife and two kids to Indianapolis to watch Caitlin Clark. He arrives into town and fills up his tank so he can drive home after the game. That's 40 bucks. He takes his family to a mid priced family restaurant before the game- that's 100 bucks with tip. Tickets to the game @ 234 bucks a ticket = 936 bucks.
Sodas at the game = (I dunno but) 24 bucks. The kids want Clark Jerseys (please dad please) 195 bucks for two.
That's 1295 bucks (the loan he took out in Columbus for this family night -via his credit card is not credited
to Indianapolis). Now multiply that by the standard economic spread of a dollar spent. It used to be considered 7.This article claims its only 1.54http://www.ihl.state.ms.us/urc/downloads/articles/EconomicImpactMultiplierIsNotSeven-June2007.pdf Personally I find the 1.54 suspect, but let's use that figure.
That is 1944 bucks brought into the Indianapolis economy. Now it takes17,552 additional families or 70,208 people to reach 35 million. That's 25% of the increased attendance her team has experienced. Or more or less 25% of the increased attendance is from outside the Indy metro area. But wait probably less since some percentage of families may spend a night or two ,do more stuff , and spend more bucks.
Now of course I said that's what she had to bring in to reach 35 million, not that she does, Does that reach that- at the 1.54 figure -maybe not but it's reasonably close. At the 7 multiplier effect- probably so. Viola standard economics and math.
Note : other than the tickets the other prices are a reasonable guess (or at least reasonable as to what is actually charged).
Now no apology or acknowledgement will be expected nor forthcoming