On Sunday, February 11, 2024, the Kansas City Chiefs and San Francisco 49ers will square off in the Super Bowl. For the first time in league history, the major game will take place at Allegiant Stadium in Las Vegas.
While many argue that Vegas is fast becoming as the country’s sports capital, locals have been wondering about whether high-profile events might result in higher taxation.
The Super Bowl has a cost even if it’s one of the most viewed events in the US. The host city’s tax payers usually bear the brunt of the extravagant event.
Consequently, the 2024 Super Bowl will result in the majority of the costs related to hosting the event—such as increased safety at the game—being borne by the taxpayers in Vegas. The Chiefs vs 49ers game, however, will be televised in the city for free.
Super Bowl viewing has its costs, despite being one of the most popular events in the US. More money is usually spent on the lavish event by the host city’s taxpayers.
As a result, the majority of the costs associated with hosting the 2024 Super Bowl Las Vegas will fall on the taxpayers, who also bear the cost of heightened security at the game. That being said, the Chiefs vs 49ers game will be televised in the city for free.
A Super Bowl host city might face different costs for taxpayers. According to reports, when the Super Bowl is held in a community, local tax revenue might increase to as much as $22 million.
However, the debt payment costs for their recently built Allegiant Stadium are considerably larger and must be covered by Vegas taxpayers. The amount collected in local taxes for this year through 2028 might reach as high as $36.8 million.
What was the Super Bowl 2023 revenue for Glendale, Arizona? Examining the statistics from the big game of the previous season
In the 2023 Super Bowl held in Glendale, Arizona, the Philadelphia Eagles lost to the Kansas City Chiefs. But the state’s sheer size also made it a clear winner.
Super Bowl 2023 reportedly brought in a record-breaking $1.3 billion for Arizona’s economy overall. Additionally, it made an enormous $726.1 million boost to the state’s GDP.
How much money does the NFL make off a Super Bowl?
The NFL reportedly earns between $300 million and $1.3 billion from the largest game of the season, the Super Bowl. But the official figures are never disclosed.
Ticket revenues, product sales, local revenue, and TV rights deals are the league’s main cash streams during the Super Bowl.
- World Meditation Day 2024: The Emotional Growth Benefits of Mindfulness for Kids - December 21, 2024
- Bryson DeChambeau will make international history in his first tournament of the year - December 21, 2024
- Disney’s ‘Mufasa: The Lion King’: Who Is the Voice of the Legendary King? - December 21, 2024
