The spectator sports industry is composed of sports teams playing in front of a paying audience, horse racetracks, racing events and independent athletes. Modified Stanley Cup playoffs helped mitigate the financial impacts of the COVID -19В pandemic on the spectator sports industry

Spectator sports accounted for the largest share of total operating revenues (37.7%), followed by promoters (presenters) of performing arts, sports and similar events (29.8%) independent artists, writers and performers (26.4%) and agents and managers for artists, athletes, entertainers and other public figures (6.1%).

The gross domestic product for the broader sector, including performing arts, spectator sports and related industries, and heritage institutions, fell byВ 47.0% inВ 2020. The operating revenues of spectator sports, event promoters, artists and related industries decreased byВ 33.9% to $7.0В billion inВ 2020, their lowest level since comparable data became available inВ 2012.Д«usinesses in these industry groups were largely unable to operate in the first few months of the pandemic, as many provinces mandated shutdowns of non-essential businesses and severely limited public gatherings. Operating revenues for spectator sports, event promoters, artists and related industries plunge amid pandemic restrictions

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