Eight NFL stadiums have been constructed since 2006, and by 2022, all eight will have hosted a Super Bowl.<\/span><\/p>\n<\/div>\nMany of the stadiums were partially funded with tax money. Conventions, Sports & Leisure International, a consulting firm, reports that $250 million in public money on average has been contributed.<\/p>\n
The Southern Nevada Tourism Infrastructure Committee far exceeded that average, as it earmarked $750 million in hotel occupancy taxes for the $1.9 billion undertaking.<\/p>\n
State and local governments have justified using taxes to build stadiums on grounds that the investments deliver strong returns to the region’s economy. But hosting the Super Bowl, which requires sending the NFL more guaranteed money, can actually be a loss.<\/strong><\/span><\/p>\nSports economist Victor Matheson, who’s written extensively on the subject, tells The<\/em> New York Times <\/i>that the big game typically generates between $30 million and $130 million in economic activity. But with cities required to cover various costs and often provide tax breaks to the NFL, he says state and city officials should consider themselves lucky to break even.<\/p>\n","protected":false},"excerpt":{"rendered":"The $1.8 billion Las Vegas stadium that will become the home of the NFL Raiders is rumored to also be set for inclusion in a four-city Super Bowl rotation. NFL owners are meeting this week to finalize plans to respectively award Glendale (Arizona) and New Orleans the 2023 and 2024 Super Bowls. But reports have […]<\/p>\n","protected":false},"author":42,"featured_media":78393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Stadium Rumored to Be in Four-City Super Bowl Rotation<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n