In 2020, revenue from athletics in the U.S. was projected to be over $75 billion.
This was all before coronavirus took a hit on the world as we know it.
The 2020 Olympics has been postponed… which hasn’t happened since 1940 during World War II.
The Big-10 and PAC-12 just canceled their college football seasons in light of coronavirus developments with other conferences likely to follow.
MLB is being played in empty stadiums with crowd noise piped in and cardboard cutouts of fans in the stands.
The NBA has even gone so far as to create its own “bubble” with strict quarantine restrictions and no outside contact for the season.
Even the NFL, which is the biggest league by revenue in the U.S. bringing in an average of $13 billion a year, hasn’t announced any official plans on the season that is set to pick back up in a couple of weeks.
Sports used to be profit hotspots – there aren’t fans buying tickets or $10 hot dogs at games. There aren’t people spending money on jerseys or pay per view matches to see their favorite players in actions. And the sports world is seeing the impact.
Coronavirus social distancing guidelines have all but shut down sports, leaving not just leagues, but athletic companies gasping from the one-two punch of reduced revenues derived from sports.
But while these stocks are taking a hit, traders are reaping all the benefits.
Here’s how you can profit on the declining sports industry…