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An average of 123.7 million watched the Kansas City Chiefs defeat the San Francisco 49ers in a 25-22, overtime classic on Super Bowl Sunday, but for Las Vegas, the economic impact started much The final estimated local economic impact of last year's Super Bowl in Las Vegas was $1 billion – fueled by direct spending by visitors and residents, indirect spending at local businesses, employment, and tax revenue. But the effects are felt in communities across the country. The economic impact of the Super Bowl goes beyond Las Vegas. Throughout the U.S., bars, restaurants, and retailers experience an increase in sales of food, beverages, and game-related products. The National Retail Federation estimated that total consumer spending on Super Bowl LVIII would reach $17.3 billion , with an average of $86.04 per A series of studies conducted by Las Vegas-based Applied Analysis for the Las Vegas Convention and Visitors Authority conclude that the economic impact of Super Bowl LVIII totaled $1 billion. The Super Bowl is heading to Sin City for the first time, and a lot of money is coming with it. The big game is expected to have a gross economic impact of $1.1 billion for the Las Vegas area Economists say the event could be an economic boon for the Las Vegas economy. displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. A record number of Americans are expected to tune into Super Bowl and shell out on food, drinks and more. is expected to generate an additional $500 million for the Las Vegas economy. That At least $750 million in public funding was allocated to the construction of Allegiant Stadium in Las Vegas, Nevada. The stadium will host Super Bowl LVIII on February 11, 2024. Photo by Michael Valdez via iStock. The Super Bowl can showcase a city’s attractions, culture and amenities to millions of people, for example. Las Vegas says it expects a “conservative” economic impact of around $600 million, and is looking to cement itself in the rotation for future Super Bowls and other major sports events. Economic impacts can range from $300 million to $500 million, though some spending can displace other activities. Merchandising and Ticket Sales. An exclusive Super Bowl ticket can be quite the investment, with ticket prices often soaring into the thousands. Tickets and merchandise to the event, like jerseys and collectibles, generate millions. Las Vegas tourism officials say the economic impact of Super Bowl 58 may be better than expected. The NFL championship event held Sunday at Allegiant Stadium was estimated to bring in at least Each year, the Super Bowl provides a big economic impact for the host city. The final estimated local economic impact of last year's Super Bowl in Las Vegas was $1 billion – fueled by direct spending by visitors and residents, indirect spending at local businesses, employment, and tax revenue. Crowds have flocked to Las Vegas over the past few days, stimulating the city’s economy in the lead-up to the Super Bowl. The game was expected to draw about 330,000 visitors to Las Vegas and While there is a wide range of reported economic impacts for the historical Super Bowl hosted outside of Las Vegas and other special events held in Las Vegas, the effect of a Super Bowl and associated activities in Southern Nevada could reach $1.0 billion. The following highlights the range of reported Super Bowls. About three years ago, as the Las Vegas Convention and Visitors Authority made a bid to host the city’s first Super Bowl—now just days away—it commissioned local analytics firm Applied Analysis to create an economic impact statement on the event. The report’s findings forecasted that Super Bowl 58 would have LOCATE Las Vegas, an LVGEA initiative supported by several local corporations, hosted 16 top executives to highlight the region as a destination for corporate relocation and development. In addition to the weeklong media spotlight that comes with the Super Bowl, the event generates significant economic impacts for the host city. Even more conservative estimates for the economic impact on Las Vegas from Super Bowl LVIII have the NFL’s biggest game pulling in between $600 to $700 million for the region, per Reed. In 2024, this is our Super Bowl in Las Vegas, and it’s a marketing dream for local businesses. 1 weather alerts 1 closings/delays. Daily debrief: Estimated economic impact of the Super Bowl. As Las Vegas gets ready over the next 200 days to host Super Bowl 58 local businesses are looking forward to how the event and the preparation for it impacts their operations. Las Vegas Super Bowl Expected to Deliver Southern Nevada $500M Economic Impact. Posted on: December 18, 2021, 11:43h. Last updated on: December 20, 2021, 09:23h.
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