Smaller 2020 State Fair ends with nearly $1.8 million profit
Although it was much smaller than normal due to the pandemic, the State Fair ended with a sizable profit
LINCOLN, Neb. (AP) — Despite being much smaller than normal because of the coronavirus, last year’s Nebraska State Fair ended with nearly $1.8 million profit.
That was an improvement of more than $1.5 million from the 2019 fair. An annual audit found the 2020 fair had revenue of $6.5 million, down nearly 37% from the previous year.
But because the fair had no carnival and paid entertainment, expenses were only $3.7 million, about $7 million less than 2019.
Auditors said with other factors considered, the fair had a net profit of about $1.8 million, compared to a nearly $1.5 million loss in 2019.