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Las Vegas Stadium Loss Of Garth Brooks Concert, Raiders NFL Preseason, $157 Mil In Lost Econ Impact

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Las Vegas Stadium Loss Of Garth Brooks Concert, Raiders NFL Preseason, $157 Mil In Lost Econ Impact



Loss Of Garth Brooks Concert, Raiders NFL Preseason Games, $157 Million Lost Economic Impact Due To The Pandemic.


This morning, legendary country music singer Garth Brooks announced that he is moving his Allegiant Stadium concert date to February 21, 2021, from its August 22nd 2020 planned event day. That means the sold out 65,000 tickets will be transferred to that scheduled date. It also means the loss of three large events for the month of August 2020 because of The Pandemic.



The question is what is that in Economic Impact? I elected to use the Billboard EDC Las Vegas 2014 Economic Impact Study as the basis for the development of a multiplier that can be applied to a smaller audience of 65,000 people.



The reason I used the EDC Las Vegas 2014 estimate was because it was a large scale event, in Las Vegas, and that used hotel rooms on the Las Vegas Strip, and provided business for vendors and other service providers in the immediate region. It also drew people from out-of-town more so than locals. Given that this is to be NFL Year One in Las Vegas, it made sense to pick an event that reflects the excitement for it - EDC Las Vegas seemed logical.


Stay tuned.
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