Question of the Day: What's the average cost of a 30 second Super Bowl ad for the 2023 game?
If you are an Eagles or a Chiefs fan, it's all about the game...for many of the rest of us, it's all about the ads!
Answer: $7.0 million
Yes, Super Bowl ads are now being released weeks ahead of time:
Questions:
- What is this specific advertiser trying to accomplish in this commercial? Is the ad effective?
- What do you they want you to remember about their brand?
- In an era with so many streaming services that have trained consumers to watch shows without any ads, why do advertisers spend so much on Super Bowl ads?
- Which types of companies do you think benefit the most from their Super Bowl ads?
Behind the numbers and the ads (USA Today); links to ads that have been released!):
The cost for a spot in the Super Bowl 57 ad lineup is said to be in the $7-plus-million range, a record-high price tag that tops 2022’s $6.5 million for a 30-second commercial. But the hefty sum has not kept brands from jumping into the national spotlight, with FOX’s inventory reportedly 95% filled. (Interestingly, FOX sold out in late November for the 2020 Super Bowl.)
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Supplementary: Great opportunities for math teacher using this Google sheet which tracks the annual cost to advertise at the Super Bowl.
- Which year saw the largest increase in ad cost?
- What are the trends with viewership at the game? Trends with cost of advertising? Is there a relationship between the two?
- What has been the average annual growth in ad costs from 1967 to 2021?
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Here's additional advertising related activities that the NGPF search tool discovered.
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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