What do professional sports teams and Taylor Swift have in common aside from ties to Kansas City Chiefs tight end Travis Kelce? The financial impact of The Eras Tour. This past weekend Taylor Swift wrapped her 18-month, 152-show Eras Tour which brought in over $2 billion in gross revenue, making it the highest grossing concert tour in history. Not only is the billionaire pop star benefitting from these earnings, but some sports teams are also profiting from it as well.

On this week’s episode of Yahoo Finance Sports Report, host Joe Pompliano talks about Taylor Swift’s Eras Tour and how stadiums were financially impacted by these concerts.

There are currently a dozen stadiums owned by sports teams that hosted the Eras Tour. These stadiums include Hard Rock Stadium in Miami, MetLife Stadium in New York, Gillette Stadium in Foxborough, Mass. to name a few. “The reason for [their financial benefit] is simple,” Pompliano says. “If you look at [Swift’s] average concert, it produces about $10 million in ticket sales. She has a bunch of expenses though and the biggest [expense] is actually renting out the venue itself. That costs about $2-3 million per show, which the stadium venue gets to keep. Then these venues get to keep an additional million or so in other things like concessions, merchandise, parking, et cetera.”

Some of these stadiums hosted multiple nights of the concert too, so their revenue multiplied.

“This is why owning your own venue as a professional sports team is so important,” Pompliano says. “You can fill that venue on nights when you don’t have games with things like concerts… This is a huge financial benefit for some of these teams, and it’s why some of these professional organizations now look less like sports teams and more like real estate companies.”

To hear more, check out this week’s episode of Yahoo Finance Sports report here.

Yahoo Finance Sports Report with Joe Pompliano, a vodcast brought to you by Yahoo Finance and Yahoo Sports, looks beyond the latest sports business headlines, analyzes all the need-to-know news – the teams, trades, and billion dollar deals – so you and your portfolio will win BIG.

Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff.

Listen and subscribe to Financial Freestyle on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.

On the latest episode of Financial Freestyle with Ross Mac, The Lock Talk CEO Jason Seo discusses his strategies for managing his sports betting bankroll.

The most important factor in sports betting is never gambling more than you can afford to lose. “How much are you able to lose without it affecting your life? Paying bills, paying for food, having fun,” Seo continues. “You have to have an amount where if you lost it all, [you’d be] totally fine.”

“It’s a long-term view because when you’re sports betting… one day is not [going to] change your life,” he says. “You [want to] do it over time.”

Financial Freestyle with Ross Mac on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice, and inspiring success stories, we empower you to build and grow wealth. Join us on this transformative journey toward financial freedom and inclusive economic growth.

This post was written by Meredith Lawrence.

Markets (^DJI, ^IXIC, ^GSPC) are hovering around the flatline as investors await next week’s Federal Open Market Committee (FOMC) meeting. Markets have largely priced in a 25 basis point rate cut from the central bank. However, following recent Consumer Price Index (CPI) and Producer Price Index (PPI) data releases, the longer-term monetary policy outlook beyond December remains uncertain, particularly as markets prepare for the incoming Trump administration’s transition in January.

Key guests include:
3:10 p.m. ET Scott Devitt, Wedbush Securities “Managing Director, Equity Research”
3:30 p.m. ET Nancy Tengler, Laffer Tengler Investments CEO & CIO
3:40 p.m. ET Ken Mahoney, Mahoney Asset Management, CEO
4:05 p.m. ET Timothy Chubb, CIO “Girard, a Univest Wealth Division”
4:40 p.m. ET Joe Pompliano, Yahoo Finance, Sports Report Host