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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 The economic impact of the Super Bowl in Las Vegas may face some obstacles that could affect the city’s ability to fully capitalize on the event. One possible challenge is the ongoing concerns around COVID-19. The pandemic has forced many sporting events and gatherings to adapt their strategies, implementing safety protocols and capacity 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. 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. Super Bowl LVIII will bring in an additional estimated 150,000 people to the city – on top of the 300,000 additional people who come to Las Vegas to watch the Super Bowl in any given year. While the economic impacts of the game will take time to be fully realized in Las Vegas, the impact from Super Bowl LVII in Glendale, Arizona, shows what a 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 Such numbers underline the event's sheer economic scale. In all, spending on food, drinks, apparel, party decorations and other categories related to the Super Bowl is expected to reach $17.3 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 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. Based on the estimated impacts of other Super Bowls in other markets, known impacts in Las Vegas during Super Bowl weekends and the impacts sourced to other special events, we believe a Super Bowl hosted in Las Vegas could have an economic impact approaching $1.0 billion. 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. 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. The game was expected to draw about 330,000 visitors to Las Vegas and drive an economic impact of $600 million to Southern Nevada, according to estimates from the Las Vegas Conv While final impact projections are still pending as data becomes available, preliminary findings indicate that the economic impact of Super Bowl 58 exceeded expectations. Although future gaming data releases and official tourism metrics will provide a more complete picture, early results suggest the Super Bowl was a winner for casinos. The economic impact of hosting the Super Bowl and the upcoming Las Vegas Raiders season, which includes one pre-season game and nine regular season games, is expected to be over $1 billion. 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. The inaugural Formula One Las Vegas Grand Prix is projected to have an overall economic impact to the tune of almost $1.3 billion. The figure for the race taking place Nov. 16-18 comes from an
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