71121 - Spectator Sports
The world of live sports captivates millions, and behind every thrilling game or event lies an entire industry dedicated to bringing those moments to you. If you’re exploring the NAICS code 71121 – Spectator Sports, you’re delving into an exciting sector within the Arts, Entertainment, and Recreation industry. This code groups the businesses and organizations that operate sports teams, promote live sporting events, and manage venues where fans gather to cheer their favorite athletes.
What is NAICS Code 71121 – Spectator Sports?
NAICS 71121 encompasses establishments primarily engaged in the operation and management of live spectator sports. This includes:
- Running professional and amateur sports teams
- Promoting and managing live sports competitions and events
- Operating sports venues such as stadiums and arenas
These businesses contribute to the vibrant sports culture by organizing matches, managing ticket sales, event promotion, and maintaining venues that serve as the stage for competitive sports.
Sector: Arts, Entertainment, and Recreation
NAICS 71121 operates under the broader sector of Arts, Entertainment, and Recreation. This sector covers a wide range of activities related to cultural, entertainment, and recreational pursuits, with spectator sports forming one of the most popular and high-profile components. The sector is dynamic and contributes significantly to local economies through tourism, employment, and media rights.
Typical Business Activities Under NAICS 71121
Businesses falling under NAICS 71121 engage in activities such as:
- Owning and operating professional sports franchises (e.g., NFL, NBA, MLB teams)
- Organizing and promoting amateur or professional sporting events and tournaments
- Managing sports venues, stadiums, arenas, and race tracks where live sports are held
- Providing event management and production services related to live sporting events
Size Standards for NAICS 71121
To determine eligibility for government contracts or small business programs, companies under NAICS 71121 must meet size standards set by the U.S. Small Business Administration (SBA). For NAICS code 71121, the size standard is typically:
- Annual receipts of $38.5 million or less to qualify as a small business
This standard helps define which companies are considered small businesses for the purpose of government contracting and assistance programs.
Examples of Businesses Under NAICS 71121
- Professional Sports Teams: NBA franchises, Major League Soccer (MLS) clubs, minor league baseball teams
- Sports Event Promoters: Companies organizing live sporting events like boxing matches, tennis tournaments, or motocross competitions
- Sports Stadium and Arena Operators: Organizations that manage venues such as football stadiums, indoor arenas, and race tracks
These businesses play essential roles in delivering live sports experiences to fans worldwide.
NAICS Code 71121 - Spectator Sports Details Table
| Attribute | Details |
|---|---|
| NAICS Code | 71121 |
| Title | Spectator Sports |
| Description | Establishments operating sports teams and promoting or managing live spectator sports events. Includes organizing competitions and managing venues. |
| Sector | Arts, Entertainment, and Recreation |
| Typical Business Types | Professional sports teams, Sports event promoters, Sports stadium and arena operators |
| Size Standard | $38.5 million (annual receipts) |
| Related Industries | Sports and Recreation Instruction (NAICS 611620), Performing Arts Companies (NAICS 7111) |
Frequently Asked Questions (FAQs)
What businesses are classified under NAICS 71121?
Businesses operating professional or amateur sports teams, promoters of live sports events, and operators of sports venues like stadiums and arenas fall under this code.
What sector does NAICS 71121 belong to?
NAICS 71121 is part of the Arts, Entertainment, and Recreation sector.
How is the size standard determined for NAICS 71121?
The SBA sets the size standard based on annual receipts, with a typical threshold of $38.5 million or less to qualify as a small business.
Can amateur sports clubs fall under NAICS 71121?
Yes, amateur sports teams and organizations promoting live amateur sports competitions are included.
Why is NAICS 71121 important for government contracting?
This code helps identify businesses eligible for government contracts and assistance programs targeted at small businesses within the spectator sports industry.
Conclusion
NAICS code 71121 — Spectator Sports — captures a wide range of activities essential to the sports entertainment ecosystem. From managing franchises to running stadiums and promoting live events, businesses in this category energize millions of fans and contribute economically to communities. Understanding this NAICS code can help businesses find contracting opportunities, comply with industry standards, and position themselves effectively within the Arts, Entertainment, and Recreation sector.
Whether you’re a sports team operator, event promoter, or stadium manager, knowing the details of NAICS 71121 empowers you to leverage growth opportunities in this thrilling field.
