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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.

“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.

Read the full story on The Washington Post .

Craig January 04, 2013 at 03:25 AM
Boy that is an unflattering photo of dear Mr. Comptroller. Seriously though, why not raise parking, taxes, beer and slap a $1 ticket surcharge for these events? MD IS SHORT ON CASH RIGHT? They need to raise gas taxes and other fees on working joes, why can't they hit up the die-hard NFLers who already don't whince about $9 beers and $30 parking passes? I love sports and football but the reverence we give these guys is ridiculous. IF POLITICIANS LIKE O'MALLEY want to tax the 1%... well... have you SEEN what these NFL types make? OR the owners? I say: $2 ticket fee and you can print on the tickets - "thanks for your donation to the Flush Fund".
jag January 04, 2013 at 09:39 PM
Good news with a good side-effect. Not that that'll stop trolls like Craig from whining about crap, but oh well. Won't let that get me down.

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