The prison market in the United States is estimated to be worth $37.8 billion annually, making it larger than the annual revenue of major league baseball. Private prisons have become big business in the U.S. with the number of incarcerated individuals and length of sentences on the rise. The growing incarcerated population and privatization of prisons has led to a large, multi-billion dollar per year market for providing goods and services to prisons.
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1. The prison market, estimated to be
worth $37.8 billion a year, is larger
than major league baseball