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Although Miami’s Super Bowl host committee has not released an official economic-impact estimate, if last year’s game in Atlanta is any indication, the estimate could come in north of $500 Initial estimates for Super Bowl LIX show a local economic impact of at least $500 million, but the final figure could be much higher. According to data analysis from the U.S. Chamber, New Orleans is expected to see $200 million in spending over two days from an estimated 125,000 visitors coming to the Big Easy for the game. MIAMI, Aug. 26, 2020 /PRNewswire/ -- The Miami Super Bowl Host Committee released the results of a report documenting the economic impacts of visitors and events leading up to Super Bowl LIV- a The economic impact on Miami Beach alone, Tourism and Culture Director Heather Shaw said at the meeting, was probably over $200 million. The average daily rate for hotels during Super Bowl Weekend, she said, was $938 – up from around $370 for the most expensive nights in 2019. According to the report, Super Bowl LIV generated over $25 million in visitor spending for The Palm Beaches. The study revealed that Super Bowl LIV created a $572 million economic impact for Miami-Dade County, Broward County, and Palm Beach County. The Palm Beaches received 4.4% of total revenues generated from Super Bowl LIV. Known for its iconic halftime shows, unbeatable advertisements and the culmination of champions, the Super Bowl isn’t just another football game - it’s an economic powerhouse. From advertising to tourism, it fuels industries and generates billions annually. Here’s a look at its economic impact: Advertising: $7 Million for 30 Seconds The economic impact of the Super Bowl is expected to be more than $200 million, according to PwC. By land, sea, and air, spending will come in many forms Miami plays a central role as global “Miami, and the entire South Florida area, has a burgeoning economy and a diverse culture that continues to draw in business and visitors alike. The economic impact and exposure that accompanies the Super Bowl is significant and will continue to feed the growth and development we've been seeing here. Super Bowl LIV resulted in $572 million in new spending in the South Florida area, according to a new report from the Miami Super Bowl Host Committee. The company’s economic impact report for Super Bowl LIV will measure the spending of South Florida visitors, media, contractors, small businesses and more to determine the overall contribution to the local economy. In 2010, during the height of a recession, Super Bowl XIV generated $234 million in economic impact for the region. ECONOMIC IMPACT ANALYTICS LEADER . TO STUDY IMPACT OF SUPER BOWL LIV . SPORT MANAGEMENT RESEARCH INSTITUTE . Miami’s first Super Bowl in 10 years expected to create positive change far beyond Hard Rock Stadium and across South Florida . MIAMI (November 20, 2019) – The Miami Super Bowl Host Committee and Sport Management New Orleans is hosting its 11th Super Bowl this weekend. Initial estimates for Super Bowl LIX show a local economic impact of at least $500 million, but the final figure could be much higher. Initial estimates for Super Bowl LIX show a local economic impact of at least $500 million, but the final figure could be much higher. In 2020 Miami will host the Super Bowl for a record eleventh time; that's for sure. Economist Victor Matheson at the College of the Holy Cross told CBS News that the economic impact of hosting 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 In 2020 when the 49ers and Chiefs faced off in Miami, the Super Bowl Host Committee and Miami Beach commissions reported that the Super Bowl brought in over 4,500 new jobs to the area and had a total economic impact of $571 million. A new economic report suggests Super Bowl LIV brought in $572 million. to the South Florida economy. That’s double the economic impact of Super Bowl XLIV in 2010, the last time Miami hosted the game. The report comes from the Miami Super Bowl Host Committee. No one doubts hosting Super Bowl LIV will add to economic activity in South Florida. While only 65,000 fans will fill the seats at Hard Rock Stadium on Sunday, up to 200,000 people have come here Gwen Cherry Park was one of the beneficiaries of the Super Bowl Legacy Grant program with its grass field replaced by a synthetic surface. The same transformation happened at Goulds Park and Miami Beach Senior High School, and there was funding for new lighting at Bayfront Park as part of downtown Miami's Baywalk along Biscayne Bay and the creation of an Outdoor Fitness Zone at Plantation The Super Bowl 2022 in Miami generated an estimated $447 million, indicating that Las Vegas could potentially see a slightly higher economic impact. On the other hand, New Orleans has also been a previous host for the Super Bowl. will impact tourism and economic activity for years to come. TV viewership during recent Super Bowls averages well above 100 million. The 2020 Super Bowl generated more than 43 million social media interactions. There also are numerous community service and philanthropic events planned around Super Bowl LVI. A summary of key facts and figures
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