Thursday, December 19

Charlotte Tops North America’s Fastest-Growing Sports Markets, Boosted by MLS Growth

According to a recent analysis by Sportbet.one, Charlotte is leading the way as the sports market with the quickest rate of growth in North America. By 2030, the city’s sports revenue is expected to have grown by an astounding 51.1%, from $923 million in 2024 to $1.395 billion. With this expansion, Charlotte tops the list of cities with professional sports franchises in terms of anticipated revenue growth.

The motivation behind this achievement? Major League Soccer’s (MLS) Charlotte FC is predicted to experience a remarkable 233.8% growth in revenue, rising from $80 million in 2024 to $267 million by 2030. Together with notable expansions for the Charlotte Hornets (43.7%) and Carolina Panthers (29.2%), the city is establishing itself as a growing sports center.

Thanks to some outstanding income growth anticipated for Charlotte FC in the MLS, Charlotte is currently ranked first in all of North America.

Team Sport City State Country Revenue 2024 (Millions) Predicted 2030 Revenue (Millions) Predicted Percentage Change (2024-2030)
Carolina Panthers NFL Charlotte North Carolina USA $574.0 $741.5 29.2%
Charlotte Hornets NBA Charlotte North Carolina USA $269.0 $386.5 43.7%
Charlotte FC MLS Charlotte North Carolina USA $80.0 $267.0 233.8%

Cities in the Southeast Shine

The growth of Charlotte is a part of a larger trend in the Southeast, as Atlanta, Georgia, and Miami, Florida, have also shown outstanding revenue estimates. Atlanta’s revenue is predicted to rise by 40.9% to surpass $2.02 billion by 2030, while Miami’s is predicted to expand by 43.1% to reach $1.98 billion.

Nashville Among Rising Stars

The sports market in Nashville, Tennessee, is expected to rise by 39.3%. Revenue from its three professional teams is expected to increase from $798 million in 2024 to over $1.1 billion by 2030.

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Legacy Cities Continue to Dominate

Established sports cities continue to be revenue powerhouses, despite the rapid rise of newer markets like Charlotte and Nashville. With nine professional clubs, Los Angeles leads the pack in terms of overall revenue and is predicted to grow by 36.4% to $4.92 billion by 2030. With respective revenue growth projections of 36.7% and 36.2%, Dallas and Houston are also formidable competitors.

Fastest Growing Sports

According to the research, MLS and Formula 1 (F1) are driving the surge in sport-specific income. While MLS is expected to rise by 60% as the league gets traction in traditional football and basketball areas, Formula One revenues are expected to grow by 62% due to the sport’s growing popularity in the United States. The NFL, on the other hand, will grow at a slower pace of 29% even though it will still be the highest earning.

Canadian Contender

The only non-US city to rank in the top 20 is Toronto, which is expected to see a 25.1% gain in revenue. By 2030, it is anticipated that the city’s four professional teams would have generated $1.22 billion, up from $977 million in 2024.

Economic and Cultural Impact

The anticipated expansion in these locations highlights how important sports are becoming to North America’s economy and culture. The success of teams like Charlotte FC, the Carolina Panthers, and the Charlotte Hornets in Charlotte is evidence of the city’s changing sports scene and the passionate support of the local population.

Charlotte s Bright Future

Charlotte solidifies its position as a rising star in the sports sector by leading North America in the increase of sports revenue. The Queen City’s sports teams are well-positioned to dominate the economy in addition to competing on the field because to investments in marketing, infrastructure, and fan interaction.

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Go to the Sportbet.one blog to learn more about the report.

Fastest Growing Sports of 2030

Sport Combined Revenue 2024 Predicted Combined Revenue 2030 Growth
Formula 1 $3,805.00 $6,193.85 62%
MLS $1,908.00 $3,159.68 60%
NBA $10,014.00 $14,162.33 42%
NFL $20,237.00 $26,062.83 29%
NHL $6,432.00 $7,969.73 24%
MLB $11,344.00 $13,644.22 19%

Formula 1 is expected to grow at a faster rate than any other sport by 2030, with revenues expected to increase by 62% to $6.19 billion. With a 60% gain as its popularity keeps growing, MLS isn’t far behind. Solid improvements are also seen by the NBA, which increased 42% to $14.16 billion.

The NFL, meanwhile, continues to be the highest earner, with $26.06 billion, albeit at a slower rate of 29% growth. More moderate gains of 24% and 19% are shown in the NHL and MLB, indicating a gradual ascent for more established leagues in contrast to the quicker ascent of more recent competitors.

Please read this link for additional details about the report: https://sportbet.one/blog/ranking-2030s-most-valuable-sports-teams/

Top 20 Teams for Revenue Growth Teams in North America

Rank City State Country Teams Revenue 2024 (Millions) Predicted 2030 Revenue (Millions) Predicted Percentage Change (2024-2030)
1 Charlotte North Carolina USA 3 $923.0 $1,395.0 51.1%
2 Miami Florida USA 4 $1,385.0 $1,981.6 43.1%
3 Atlanta Georgia USA 4 $1,435.0 $2,022.2 40.9%
4 Nashville Tennessee USA 3 $798.0 $1,111.8 39.3%
5 Dallas Texas USA 3 $1,774.0 $2,425.3 36.7%
6 Los Angeles California USA 9 $3,608.0 $4,923.1 36.4%
7 Houston Texas USA 4 $1,503.0 $2,047.1 36.2%
8 San Francisco California USA 3 $1,888.0 $2,508.9 32.9%
9 Minneapolis Minnesota USA 3 $1,182.0 $1,553.4 31.4%
10 Cleveland Ohio USA 3 $1,245.0 $1,629.1 30.9%
11 Detroit Michigan USA 4 $1,284.0 $1,678.3 30.7%
12 Denver Colorado USA 5 $1,405.0 $1,834.5 30.6%
13 Boston Massachusetts USA 3 $1,100.0 $1,428.8 29.9%
14 Kansas City Kansas USA 3 $958.0 $1,213.9 26.7%
15 Cincinnati Ohio USA 3 $935.0 $1,184.7 26.7%
16 Chicago Illinois USA 6 $2,018.0 $2,532.4 25.5%
17 Toronto Ontario Canada 4 $977.0 $1,222.5 25.1%
18 New York City New York USA 8 $2,789.0 $3,419.6 22.6%
19 Pittsburgh Pennsylvania USA 3 $1,111.0 $1,358.4 22.3%
20 Seattle Washington USA 4 $1,268.0 $1,504.1 18.6%

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