Penn State hockey’s first season at the Pegula Ice Arena was a profitable one according to Penn State athletic’s recently released financial report.
Entering its second year at the Division I level and first in Big Ten conference play, Penn State hockey generated nearly $4.4 million in revenue during the 2013-14 fiscal calendar.
The season marked the first at Pegula Ice Arena, the brand new facility that seats just over 6,000 fans.
According to the report, Penn State hockey generated $1.5 million revenue from ticket sales alone. That number dwarfs the first season of Division I play where the Nittany Lions generated just $131,199 in ticket sales. The transition to an arena that’s nearly six times as large is an obvious positive for athletics.
Penn State hockey joins the ranks of football and men’s basketball as the only three programs on campus that generate a profit for Penn State athletics. In total, the Nittany Lions accounted for a $993,392 profit during the 2013-14 fiscal year.
In addition to ticket sales, Penn State hockey generated just over a half million in parking, concession and program sales. That number may very well increase next season as the Nittany Lions have played in front of a crowd on average that registers at just over 100% capacity this season. While impressive, Penn State’s first season at Pegula Ice Arena did not physically see capacity crowds in the final weeks of the season.
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