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Las Vegas Tourism Board Approves $ 40 Million Budget for Allegiant Stadium Super Bowl in 2024

Las Vegas Tourism Board Approves $ 40 Million Budget for Allegiant Stadium Super Bowl in 2024

Posted: January 12, 2022, 01:24 h.

Last updated: January 12, 2022, 01:52 h.

Devin O & #039; Connor

2024 Las Vegas Super Bowl about $ in Clark County and CityWill cost 1 million. A significant portion of the hosting budget — $ 40 million — approved by the Las Vegas Convention and Visitors Authority (LVCVA) this week.

Las Vegas Super Bowl 2024 LVCVA
Seen after the NFL awarded the Big Game to Southern Nevada in December at Allegiant Stadium 2024, home of the Las Vegas Super Bowl. Las Vegas officials cost about 1 million to host the $60 Super Bowl LVIII. (Image: Getty)

During yesterday's January meeting, LVCVA's board approved $ instructions 28 Million Vegas Super Bowl Host Committee to Las Vegas, LLC. The approval of the board was unanimous.

$40 Million is part of a sponsorship agreement between a tourism and convention agency and the Las Vegas Super Bowl Host Committee. The NFL helped the Commission decide on a hosting budget.

LVCVA is fully covered by accommodation taxes incurred at casino resorts and hotels throughout Clark County. Visitors are responsible for paying the night tax collected by the hotel. LVCVA does not earn income from any other source of income, including local residents.

The Host Committee is responsible for raising the remaining $ $ 1 million 60 million budget. The committee is chaired by Maurice Gallagher, CEO and Chair of Allegiant Airlines.

Hotel Guest Foot Building

Las Vegas guests paid $ 750 million out of $ 1.9 billion to build the Allegiant stadium. The Las Vegas Raiders home, which hosts the Super Bowl LVIII in just over two years, is just west of the Strip and I-15 in Mandalay Bay.

A $750 million allocation from the Southern Nevada Tourism Infrastructure Commission was raised by increasing the nighttime hotel accommodation tax in Clark County by zero. 88 percent. The $600Folio is equivalent to an additional $ 5. 28.

LVCVA collects 5-6% per night at casino hotels and 2-5% at non-gaming hotels and motels. The final price depends on the location of each facility. LVCVA Fiscal Year 2020 Budget $was. 15 million.

One million Super Bowl checks from $40LVCVA is the agency's largest non-capital spending on a single event in history.

Valuable investment

The million assigned to the LVCVA $40 Las Vegas Super Bowl is expected to bring significant benefits. Tampa Bay reported that last year's big game hosting had an economic impact on $. 4,600 complete and partial-part-time job created with 9 million

The $601 million hosting budget includes costs associated with the installation of the Super Bowl in February 11, 2024, as well as a week-long event until Game Day.

Notable spending includes $ 1 million to NFL for $17 hosting privileges, $ 6 million to offset stadium costs, $ 6 million for contingencies, and 500 for tickets and suites. $ 10,000, $ 3. 85 staff salaries are $ 1 million, sponsored materials are $ 3 million, public safety is $ 3 million, first responders and more.

The Las Vegas Super Bowl Host Committee further categorizes the budget:

  • $ 2.7M — Advertising, Marketing, Decoration
  • $ 2.5 million — parking and transportation
  • $ 2.2 million — non-gaming day events
  • ..

  • $ 2M — Hotels and meeting facilities
  • $ 1.65M — Media, Public Relations, Hospitality
  • $ 1.6 million — office space, professional services, insurance
  • $ 1.5 million — other costs
  • $ 1.25M — Volunteer
  • $750K — Permission