MLB

Major League Baseball Hit a New Revenue Record in 2022

Summarized by: Live Sports Direct
 
Major League Baseball Hit a New Revenue Record in 2022

Major League Baseball had its most profitable season ever in 2022. The league's revenue reached $10.8-$10,9 billion. Fox's media rights through the 2028 season for $5.1 billion helped the rise. The season was delayed by 99 days due to a 99-day lockout. MLB's sponsorship gross revenues of $1.19 billion were a 5.6% increase from 2021. Baseball's attendance is declining. In 2023, the league will introduce changes to speed up the game and increase in-game actions.

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