Politics & Government
Report: Redskins, Ravens Playoff Games To Net Combined $5M In Tax Revenue
Sunday's home playoff games in Landover and Baltimore will bring in $2.5 million each, state comptroller Peter Franchot told The Washington Post.
While Sunday's football schedule is shaping up to be a dream day for fans of the Washington Redskins and Baltimore Ravens, it's also a financial boon for the state.
The Redskins and Ravens games — each hosting Sunday's NFL wild card round playoffs — are expected to net approximately $2.5 million in taxes for Maryland, state comptroller Peter Franchot told The Washington Post .
Franchot said the increase in taxes is expected to come from "sales of high-priced playoff tickets, souvenirs, and concessions as well as taxes on bonuses for players and coaches," among other places, according to the report.
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“When both teams are in the playoffs, there’s a synergistic impact where folks just feel better in Maryland, and when folks feel better there’s more economic activity,” Franchot said.
The Ravens, winners of the AFC North division, host the Indianapolis Colts at M&T Bank Stadium Sunday at 1 p.m. The Redskins, winners of the NFC East division, host the Seattle Seahawks at FedEx Field Sunday at 4:30 p.m. The games will be broadcast on CBS and Fox, respectively.
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