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Las Vegas Super Bowl And It's Impact On The Economy

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Behind the scenes of the economics of the Las Vegas Super Bowl: What is the Super Bowl? In recent years, Las Vegas has become the hotspot for all sports events and activities. As of February 11th, 2024, we have now hosted one of the biggest sports events here in the United States, the NFL Super Bowl. For those unfamiliar with this event, the Super Bowl is an annual league championship game for American football. The NFL is an abbreviation for the National Football League and is played against two teams that are ranked best in their conferences, the NFC and AFC. These conferences each have 16 teams organized into four divisions. It first commenced 58 years ago, in the year 1966, and it has grown exponentially since its debut. It has brought in even more attention for its special Super Bowl commercials and infamous …show more content…

The Super Bowl has become an unofficial holiday here in the U.S., usually referred to as Super Bowl Sunday. The teams that played at the Super Bowl LVIII were the Kansas City Chiefs (AFC) and the San Francisco 49ers (NFC), and these teams played at the Allegiant Stadium here in Las Vegas, NV. The revenue it brings in by itself? From the revenue brought in by ticket prices, the billions of dollars companies put into ads for the people who tune in to watch, to the betting, and more. The Super Bowl, on average, generates around $1.1 billion for the economy. There are 7 million going into each 30-second commercial, $215 million on food and beverages, hotels, Super Bowl merchandise, and more, and the average price for a ticket range is around $10,752. The Allegiant Stadium: What has it brought since it was built, and are we getting back what we put in? Allegiant Stadium, a.k.a. “The Death Star,” is located a couple of miles from the strip and took approximately $2 billion to

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Everyone from football gurus to clueless fans tune in to watch the Super Bowl. This is the National Football Leagues(NFL's) pinnacle event for both revenue and ratings. Proving that everyone in America ends up becoeming a football fan for one day. This one day highlights the monopoly the NFL has on football.

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The article “Taxpayers Have Spent A 'Staggering' Amount of Money On NFL Stadiums” by Travis Waldron draws attention to two main points. First that American Taxpayers spent an estimated seven billion dollars to help construct twenty- nine of the thirty- one NFL stadiums in our country. This placed the risk of bankruptcy on the taxpayers rather than on the league whose annual revenue is more than ten billion dollars. Second, cities in America love their football teams and will spend very large amounts of money to keep their hometown franchises in place. The author finishes the article by saying, “That $7 billion figure will only continue to grow long after the NFL season begins Thursday night” (Waldron).

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According to Amir Somoggi the economic impact of the Super Bowl event is huge, with amounts exceeding $600 million in direct and indirect revenues. These huge figures create jobs for people in the days leading up to the event and after. Example, more Uber drivers are driving visitors around. The Super Bowl also exposes a city’s lack of certain infrastructure like a bigger airport, more hotels and that leads to developers building these types of infrastructure leading to direct jobs in construction as an example.

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A great example is when the NFL Foundation raised millions of dollars for prominent organizations like the American Cancer Society, battle against breast cancer, and Mothers Against Drunk Driving. Since 1973, the foundation has also donated around 250 million dollars to youth football programs. (Easterbrook 178) The largest event that produces the most money in football is the Super Bowl. The Super Bowl generates 620 million dollars, and a quarter of this revenue goes towards organizations that support disabled veterans (Murphy 9).

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