Since 1960, Beaver Stadium has been the home field for the Nittany Lions. The seating capacity at that time was 46,284. An addition in 1991 brought that total to 93,967. The latest expansion project, completed in 2002, brought Beaver Stadium capacity to 103,500, the second largest college stadium in the country.

The project included the addition of luxury skyboxes and VIP suites on the east sideline; the addition of 6,000 new general seats and 4,000 new club seats in a south endzone expansion; an All-Sports Museum and club lounge in the south endzone; renovation of the home team locker room and media room; and improvements to spectator amenities and circulation. Also included are televisions throughout the concourse; two video replay scoreboards; improvements to meet ADA standards and a new facade.

The stadium also features the first escalators in Centre County and a one ton copper plate weathervane likeness of the Nittany Lion. The weathervane is 10 feet in length, three feet in width and nine feet in height and is located 110 feet above the southwest corner of the stadium.