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

1776 Words8 Pages

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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