Llama19
Registered User
To quote:
"Nearly eight months later and 13 miles southeast of the stadium, at downtown Phoenix’s Herberger Theater, David Rousseau, chairman of the Arizona Super Bowl Host Committee, announced that the event had generated $1.3 billion in total economic output for Arizona and contributed $726.1 million to Arizona’s gross domestic product.
These numbers, which come from an analysis performed by the Seidman Research Institute at Arizona State University’s W.P. Carey School of Business, have been touted as the highest economic impact of any event in Arizona’s history, and the biggest impact of any previous Super Bowl for which economic impact statistics are publicly available.
Some economists, however, disagree over the true impact of an event of the Super Bowl’s magnitude.
“When it comes to the economic impact of mega events like the Super Bowl, that is something that economists have studied quite extensively,” J.C. Bradbury, a professor of Economics at Kennesaw State University, told Cronkite News. “And the general result is that the economic impact of these events are actually quite small – far less than numbers that are claimed.”
Dr. Anthony Evans, a staff director and senior researcher at the Seidman Institute who assisted with the Super Bowl impact report, told Cronkite News that the $1.3 billion headline number is “not a good number,” as it measures total gross output, rather than contributions to gross domestic product (GDP).
To Victor Matheson, an economics professor at College of the Holy Cross who specializes in the economic impacts of sports, even that GDP contribution number is far too high.
“This type of economic impact claim is pretty common, but it has been debunked again and again,” Matheson said."
Source (Paywall): www.bizjournals.com/phoenix/news/2023/12/12/experts-disagree-super-bowl-economic-impact.html
"Nearly eight months later and 13 miles southeast of the stadium, at downtown Phoenix’s Herberger Theater, David Rousseau, chairman of the Arizona Super Bowl Host Committee, announced that the event had generated $1.3 billion in total economic output for Arizona and contributed $726.1 million to Arizona’s gross domestic product.
These numbers, which come from an analysis performed by the Seidman Research Institute at Arizona State University’s W.P. Carey School of Business, have been touted as the highest economic impact of any event in Arizona’s history, and the biggest impact of any previous Super Bowl for which economic impact statistics are publicly available.
Some economists, however, disagree over the true impact of an event of the Super Bowl’s magnitude.
“When it comes to the economic impact of mega events like the Super Bowl, that is something that economists have studied quite extensively,” J.C. Bradbury, a professor of Economics at Kennesaw State University, told Cronkite News. “And the general result is that the economic impact of these events are actually quite small – far less than numbers that are claimed.”
Dr. Anthony Evans, a staff director and senior researcher at the Seidman Institute who assisted with the Super Bowl impact report, told Cronkite News that the $1.3 billion headline number is “not a good number,” as it measures total gross output, rather than contributions to gross domestic product (GDP).
To Victor Matheson, an economics professor at College of the Holy Cross who specializes in the economic impacts of sports, even that GDP contribution number is far too high.
“This type of economic impact claim is pretty common, but it has been debunked again and again,” Matheson said."
Source (Paywall): www.bizjournals.com/phoenix/news/2023/12/12/experts-disagree-super-bowl-economic-impact.html
