The Pittsburgh Penguins have already established themselves as one of the benchmark franchises in the NHL. Of course, nearly 40 years of incomparable Hall of Fame players whom the league will remember forever as the best of their generations, and of all time, surely doesn’t hurt. The Penguins TV ratings eclipsed all other NHL and NBA teams last season. Pittsburgh Penguins’ social media is also one of the most active communities in sports.
According to Bookies.com, the Penguins’ growth will lead to pretty substantial riches.
Using a methodology based partly on the disputed Forbes revenue reporting (teams dispute it, anyway), the site first studied earnings from 2012-2019 (2020 excluded due to Covid).
The data includes all revenue streams and is the amount published by each team in their annual accounts. Bookies then ran their own forecast function to generate predicted revenue information for the years 2021-2025.
According to Bookies, the Penguins will become the seventh richest NHL franchise by 2025, projected to earn over $278 million. That projected figure places them just behind the LA Kings and ahead of a division rival, the Washington Capitals.
The betting site projects the Pittsburgh Penguins to finish sixth in revenue this season with about $230 million and for revenues to climb steadily through 2025.
After 2025, the Pittsburgh Penguins may have a radically different roster if they don’t even sooner?
The Montreal Canadiens top the Bookies list with a very healthy projected revenue stream. The hockey-mad city could bring in over $327 million USD. The Vegas Golden Knights placed last in the projections, with revenue estimates near just $89 million.
Bookies projects the combined annual revenue of all 31 NHL teams (excluding Seattle) in 2025 to exceed $6 billion. Perhaps the salary cap will increase by then, too?
The site did not have such good news for the Pittsburgh Steelers, whose revenue projections place them 17th in the NFL, behind Miami and slightly ahead of Jacksonville.