Lets be honest, going to the arena sucks. Especially for a game like football where you will almost certainly be crazy far away from any action. I've gone to a few and outside the "it was cool to say you were there" part, I'd rather just watch it on TV. Not even taking the cost into account.
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While you're probably right about the younger generation, there's currently a huge movement away from cable and a million online streaming services and back to OTA. It's why the antenna I bought 15 yrs ago now costs 5x what it did then.
My wife and I dropped cable 13yrs ago now and between the OTA, free streaming like Twitch and YouTube, and such, and buying physical BluRays we haven't missed it.