Today’s sports industry is an estimated $212.53 billion large. This is twice the size of the automobile industry and bigger than all the public utilities put together. The movie business is $31 billion large nationwide and employs about 257,200 just in Los Angeles County.
Sports travel is responsible for $44.47 billion or 20.92% of the total sports industry’s worth. This amount is defined as travel taken exclusively to attend or participate in a sporting event. Sport related travel has increased 57% over the last five years, classifying two-fifths of U.S. adults as sports travelers.
The average economic impact on a city hosting a major sporting event is $32.2 million. In recent years, these events have had the following economic impact on their host city.
Academy Awards, annual |
$60.5 million (2000 event) |
LAEDC, LACVB |
Avengers Arena Football |
105,756 fans - 13,220 per game (2003) |
|
Body Worlds 1 (July 2 - Jan 23, 2005) |
665,190 attendance |
|
Body Worlds 2 (Jan 29 - Mar 27, 2005) |
264,916 attendance |
|
Breeder's Cup Thoroughbred Championship (1993,1997, 2003) |
$50 million (1993) and $60 million (1997) |
LA Sports Council |
City of Los Angeles Triathlon, annual since 2000 |
$8 million per event |
LA Sports Council |
Clippers Basketball |
$24.6 million ticket revenue (1999-2000) |
|
Dodgers Baseball |
$41.2 million ticket revenue (1999-2000) |
|
FIFA Women's World Cup Finals, 1999 and 2003 |
$30 million (1999) |
LA Sports Council |
Galaxy Soccer |
330,000 fans- 21,983 per game (2003) |
|
Grammy Awards |
$26 million |
|
Kings Hockey |
$33.3 million ticket revenue (1999-2000) |
|
Lakers Basketball |
$63.1 million ticket revenue (1999-2000) |
|
Latin Grammy Awards, 2000 and 2002 |
$16-$18 million per event; TV audiences of 7.5 million (2000), 4 million (2002) |
LAEDC |
Los Angeles Marathon, annual since 1986 |
$17+ million (2002 event); largest participatory event in the United States |
LAEDC, LACVB |
Major League Soccer MLS Cup, 1998 and 2003 |
$5 million |
LA Sports Council |
Mercedes Benz Tennis Cup, annual |
82,000 fans (2003 event) |
event media relations |
NHL All-Star Game Weekend, 2002 |
$10+ million, 35,000 spectators per day |
NHL Events and Entertainment |
Nissan Open - PGA, annual |
$29.6 million (2003 event) |
UCLA Anderson School of Management |
Pac 10 Men's Basketball Tournament, 2002 and 2003 |
63,663 fans (2003 event combined) |
Pac 10 public relations |
Rose Parade and Rose Bowl, annual |
$189 million direct; $181 million indirect (2005 event); |
UCLA Anderson School of Management |
Summer Olympic Games, 1984
|
$3.29 billion
|
Economic Research Associates |
Sparks Basketball |
155,578 fans - 9152 per game (2003) |
|
Super Bowl XXVII, 1993
|
$182 million (UCLA Anderson School of Management)
|
|
UCLA Football |
339,813 fans - 56,636 per game (2003) |
|
U.S. Figure Skating Championships (2002) |
$25 million |
LA Sports Council |
USC Football |
466,824 fans- 77,804 per game (2003) |
|
World Gymnastic Championships (2003, Anaheim)
|
Projected $30 million (event officials - press release July 2, 2003)
|
|
WTA Tour Championships, 2002 and 2003
|
40,000+ fans (2003 event)
|
Staples Center Media Relations |
X Games, 2003 and 2004 |
Projected $50 million |
Anschutz Entertainment Group |
