{"id":83708,"date":"2018-07-14T10:00:27","date_gmt":"2018-07-14T17:00:27","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=83708"},"modified":"2018-07-13T14:16:13","modified_gmt":"2018-07-13T21:16:13","slug":"las-vegas-raiders-stadium-to-sell-personal-seat-licenses-to-defray-costs","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-raiders-stadium-to-sell-personal-seat-licenses-to-defray-costs\/","title":{"rendered":"Las Vegas Raiders Stadium to Sell Personal Seat Licenses to Defray Costs"},"content":{"rendered":"

The new Las Vegas Raiders stadium may be going up at lightning speed, but it’s not going up cheap. Coming up with the funding for the fast-tracked project requires various strategies, and personal seat licenses (PSLs) are one that the team plans to employ.<\/p>\n

\"Las
Now going up in record time, the Las Vegas Raiders stadium will be selling personal seat licences (PSLs) to help underwrite the billion-dollar-plus costs. (Image: Las Vegas Raiders\/Manica Architecture\/Casino.org)<\/figcaption><\/figure>\n

Even with a $750 million check from the state of Nevada to build the new stadium near the Las Vegas Strip, the NFL team is facing daunting costs. To help\u00a0fund the $1.8 billion Las Vegas Stadium<\/a> project, the Raiders PSLs will be in line with what other NFL teams have done to finance lavish new venues in recent years.<\/p>\n

Buy Now, Buy Later<\/h2>\n

The one-time PSL cost will allow fans to purchase season tickets at the sporting venue for all time, but that’s all it covers: the actual tickets themselves aren’t included.<\/p>\n

The Raiders will sell PSLs for their future home for $20,000,\u00a0$35,000, and $75,000 (depending on seats) to help pay for the $850 million in building costs the team will pay, according to a report from the Las Vegas Review-Journal.<\/em> The R-J<\/em> reports that PSLs will bring in $160 million from 8,000 seats.<\/p>\n

Fans purchasing PSLs have the option of financing the one-time payment, according to the report.<\/p>\n

What the Raiders are doing to raise money isn\u2019t uncommon, of course. In recent years, such tactics have been used to fund state-of-the-art stadiums all across the NFL. Stadiums — all built within the last decade — that have charged PSL fees include:<\/p>\n

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