In: Economics
1. How does demand for the WNBA today compare to demand for the NBA today? How does demand for the WNBA today compare to what we saw in the NBA after 20 years?
Answer) WNBA founded in 1996 has come a long way,in terms of popularity,rules clarity and viewership,however it has lot of catching up to do with NBA,consider this for example ,while NBA is being watched by somewhere 1.5-2 million people(average matches),for WNBA it is close to 0.5 million,revenue generated is huge for NBA,close to $7-8 billion while it is close $50 million for WNBA,to put simply demand for NBA is worldwide,it is huge and ranks amongst the top events in the world while WNBA while gaining popularity is not in same league as NBA in terms of demand,now coming to second part about 20 years from now,WNBA can close in on NBA 's demand because it has room for growth unlike NBA,as it gains traction more and more people will be viewing it bringing more revenues leading to even more viewership and competition meaning the level will further improve,this cycle could continue for years making it one of the most sought after league in the world,add to that changing society where in emerging countries too women are breaking the barriers to win medals and honours for their countries,this change could lead to a surge in players,talent scouts and viewers,so in conclusion while today demand for WNBA compared to NBA is not much but 20 years from now it could very well be matching in terms of demand to NBA.
Answer is complete.Thank you!