MLB Sets New Revenue Record, Exceeding $10.8 Billion For 2022

MLB has set a new revenue record for 2022. The league's gross revenues will be just shy of $11 billion. Media rights renewals with FOX, TBS and ESPN account for $1.76 billion annually. New streaming deals with Apple and NBC also helped the league. The 2022 season was cut short by one month due to a 99-day lockout by the owners. There was a labor dispute with the players. Sponsorships played a key role in the financial health of the MLB. IEG reports the team had sponsorship gross revenue of $ 1.19 billion in 2022, marking a 5.5% increase.