Now Im not in the US so I dont know ticket prices but seats are seats, maintenance on the stadium is largely a fixed cost. Empty seats generate $0 in food and ticket revenue.
If you can reasonably predict that a family of 5 can go have a great time for $50 + tickets you are going to get families coming, making it a thing the family does regularly which also sells merch and jerseys and creates life long fans, which creates a franchise that pays off in the long term. Its good long term business thinking. Nobody is going to the Basketball because the Hotdogs are amazing, your selling the experience not the food.
Now Im not in the US so I dont know ticket prices but seats are seats, maintenance on the stadium is largely a fixed cost. Empty seats generate $0 in food and ticket revenue.
If you can reasonably predict that a family of 5 can go have a great time for $50 + tickets you are going to get families coming, making it a thing the family does regularly which also sells merch and jerseys and creates life long fans, which creates a franchise that pays off in the long term. Its good long term business thinking. Nobody is going to the Basketball because the Hotdogs are amazing, your selling the experience not the food.