Las Vegas officials say hosting the 2024 NFL Super Bowl testament cost the county and metropolis as practically as $60 million. But it testament follow money considerably spent.
The NFL announced this calendar week that Allegiant Stadium, place of the Las Vegas Raiders, will dramatic play boniface for Super Bowl LVIII on February 11, 2024. Applied Analysis, the go-to consultatory services stiff for the Las Vegas Convention and Visitors Authority (LVCVA), believes the rough $60 billion investment testament save Southern Battle Born State a large economical return.
The search unwaveringly projects that the big gritty weekend inwards 2024 will generate to a greater extent than half of a billion-dollar economical win for Las Vegas.
It is a vast event for Las Vegas to have got it in the city,” said Steve Hill, LVCVA chair and CEO. “That doesn’t fifty-fifty economic value all the eyes of the sporting world on Las Vegas.”
Las Vegas casinos testament benefit greatly from the monumental influx of visitors during the Super Bowl weekend. Nightly rates are expected to follow the costliest of 2024.
In Tampa, host of this year’s past Super Bowl, the mean(a) nightly order for a four-star hotel room was $512. In Miami, which hosted the large spirited the twelvemonth prior, average overnight rates went for nearly $2,300.
Las Vegas Sports Entry
For decades, Las Vegas has been known as the cassino working capital of the country. But today, Sin City is also a major sports terminus that is nursing home to an NFL, NHL, and WNBA franchise. Las Vegas could shortly add an MLB team, with the Oakland A’s mulling a decision to travel along their former Bay Area sis squad to Nevada.
When bringing an NFL team to Southern NV was 1st floated by local leaders, including the belatedly Sheldon Adelson — the billionaire who founded and ran Las Vegas Sands until his dying inward January — the visionaries forecast that the pro sports stadium would boniface an regalia of major attractions.
No case in the US is bigger than the Super Bowl, and Vegas has landed the NFL title gamy less than a year and a half after Allegiant’s opening.
“It does form of sense the likes of the summit,” Hill added. “We went from a conversation from maybe having a stadium, to evidently having one, to hoping we would be able-bodied to have a Super Bowl in Las Vegas.”
Raiders Benefiting Economy
Hill says having the Raiders telephone Las Vegas nursing home has been a major economic advance for the realm and its casinos. Gaming revenue inward NV is outperforming 2019 levels, statewide casino win topping $1 1000000000000 inwards to each one of the past tense VIII months.
Nevada Gov. Steve Sisolak (D) said during the NFL pressure case announcing the 2024 Super Bowl that Allegiant Stadium has been “an economic engine” for the state. The governor hopes the 2024 event 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 innkeeper again in 2025. No other US urban center has hosted 10 or to a greater extent Super Bowls.