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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 estimated economic impact of Super Bowl LIV for the state of Louisiana is upwards of $500 million. About 125,000 out-of-towners are expected to visit New Orleans with the average tourist 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 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 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. A record number of Americans are expected to tune into Super Bowl LVIII, with consumer spending linked to the game also forecast to hit an all-time high, according to the U.S. Chamber of Commerce The estimated economic impact of recent Super Bowls in host cities has surged to over $1 billion. New Orleans was originally announced to host Super Bowl LVIII in 2024 but was bumped back a year. The economic impact of Super Bowl LVIII in Las Vegas involves various key players, each contributing to the success of the big game. The NFL plays a significant role in organizing and promoting the event, ensuring that the venue, teams, and fans are well-prepared for the festivities. 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 According to a survey conducted by the National Retail Federation, fans from across the country will spend $17.3 billion on the Super Bowl this year for things such as food, drinks, apparel, decorations, and other purchases. RELATED STORY: NFL votes Las Vegas to host Super Bowl LVIII, LVCVA estimates $500 million economic impact Daily debrief: Estimated economic impact of the Super Bowl. The economic impact of Formula 1 is estimated to be nearly $1.3 billion. That doubles the estimated economic impact of Super Bowl LVIII. The National Football League’s championship game is set to kick off in Allegiant Stadium in 2024. Both landmark events have some calling Las Vegas “the sports capital of the world.” Las Vegas Super Bowl Expected to Deliver Southern Nevada $500M Economic Impact. Posted on: December 18, 2021, 11:43h. will play host for Super Bowl LVIII on February 11, 2024. Applied Analysis When big events come to town, whether it be the Super Bowl or Taylor Swift's Eras Tour, cities tend to get an economic boost.The Formula 1 race Vegas hosted last November reportedly pumped over $1 Super Bowl LVIII, featuring the Kansas City Chiefs and the San Francisco 49ers, will be held at the Allegiant Stadium in Las Vegas, Nevada. The halftime show is set to feature Usher and DJ Tiesto. The event is expected to draw more than 100 million viewers and contribute $1.1bn to the local economy. Resale tickets are currently ranging from $8,586 to $10,752, setting new records. The halftime Some economists, however, disagree over the true impact of an event of the Super Bowl’s magnitude. “When it comes to the economic impact of mega events like the Super Bowl, that is something that economists have studied quite extensively,” J.C. Bradbury, a professor of Economics at Kennesaw State University, told Cronkite News. Super Bowl LVII was the most successful Super Bowl in event history, according to the Arizona Super Bowl Host Committee. CED: #SBLVII: Super Bowl, Super Bowl LVII, economic impact: Alexa D'Angelo: 602-689-3210: alexa.dangelo@phoenix.gov: PHXEconDev These 200 businesses are a part of the Super Bowl LVIII Business Connect program and gathered to celebrate the Super Bowl — scheduled for Feb. 11 — being 200 days away. The economic impact Las Vegas is officially hosting Super Bowl LVIII in 2024 following a vote from NFL owners on Wednesday morning. $500 million in total economic impact, thousands of jobs, opportunities for 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.
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