WEST VIRGINIA UNIVERSITY

June 19th, 2019 | by CollegeAD
WEST VIRGINIA UNIVERSITY
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WVU Athletic Director Shane Lyons now has more proof that the department he oversees has a “significant” economic impact on the state of West Virginia. According to a new economic impact study, WVU Athletics made a $302.7 million impact on the state of West Virginia during the 2017-18 academic year, with slightly more than $246 million stemming from fan and visitor spending. In addition, the study estimated a $78.8 million impact on Monongalia County, and an $18.6 million state and local tax injection. As expected, WVU football was the biggest financial driver in this study, accounting for more than two-thirds of the athletic department’s economic footprint. According to the report, the overall economic impact of WVU football — which combines direct and indirect spending by visitors and WVU football operations — exceeded $223 million. Visitor spending alone at West Virginia football games generated an estimated $193.9 million impact on the state, along with a $44.3 million impact on the county. The overall economic impact of WVU men’s basketball was also estimated at $35.5 million for 2017. -Nick Farrell, wvillustrated. Read More.

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