Las Vegas Super Bowl Expected to Deliver Southern Nevada $500M Economic Impact
Las Vegas officials say hosting the 2024 NFL Super Bowl testament be the county and city as much as $60 million, but it will live money considerably spent.
The NFL proclaimed this calendar week that Allegiant Stadium, place of the Las Vegas Raiders, testament toy boniface for Super Bowl LVIII on Feb 11, 2024. Applied Analysis, the go-to consultive services unbendable for the Las Vegas Convention and Visitors Authority (LVCVA), believes the rough $60 1000000 investment testament deliver Southern Silver State a big economical return.
The explore business firm projects that the big gamey weekend inward 2024 testament bring forth to a greater extent than half of a billion-dollar economical win for Las Vegas.
It is a vast event for Las Vegas to get it in the city,” said Steve Hill, LVCVA chair and CEO. “That doesn’t even out note value all the eyes of the sporting reality on Las Vegas.”
Las Vegas casinos will welfare greatly from the monolithic influx of visitors during the Super Bowl weekend. Nightly rates are expected to live the costliest of 2024.
In Tampa, innkeeper of this year’s past Super Bowl, the average out nightly grade for a four-star hotel way was $512. In Miami, which hosted the giving spirited the yr prior, medium overnight rates went for nearly $2,300.
Las Vegas Sports Entry
For decades, Las Vegas has been known as the cassino great of the country. But today, Sin City is also a major sports destination that is nursing home to an NFL, NHL, and WNBA franchise. Las Vegas could presently append an MLB squad with the Oakland A’s mulling a determination to fall out their former Bay Area sis squad to Nevada.
When bringing an NFL team up to Southern Battle Born State was first-class honours degree floated past local leaders, including the belatedly Sheldon Adelson — the billionaire who founded and ran Las Vegas Sands until his demise inward January — the visionaries forecasted that the pro sports stadium would boniface an regalia of major attractions.
No event inward the US is bigger than the Super Bowl, and Vegas has landed the NFL title spirited to a lesser extent than a twelvemonth and a half after Allegiant’s opening.
“It does genial of experience similar the summit,” Hill added. “We went from a conversation from maybe having a stadium, to plain having one, to hoping we would live able to let a Super Bowl inwards Las Vegas.”
Raiders Benefiting Economy
Hill says having the Raiders telephone Las Vegas rest home has been a major economic encouragement for the part and its casinos. Gaming revenue inwards NV is outperforming 2019 levels, statewide casino win topping $1 billion inwards to each one of the past 8 months.
Nevada Gov. Steve Sisolak (D) said during the NFL mechanical press event announcing the 2024 Super Bowl that Allegiant Stadium has been “an economic engine” for the state. The governor hopes the 2024 case is a smashing success and prompts the NFL into placing Las Vegas into its Super Bowl rotation.
Miami has hosted the to the highest degree Super Bowls at 11. New siege of Orleans has hosted 10, and is slated to boniface once again in 2025. No other US urban center has hosted 10 or to a greater extent Super Bowls.