Culver City Observer -

 
 

Sports Council and Chamber release study showing

 

August 20, 2013



Sports Council and Chamber release study showing

$4.1 billion in regional economic impact from sporting events

The Los Angeles Sports Council and Los Angeles Area Chamber of Commerce announce the findings of their latest field study measuring the yearly economic impact of the sporting events industry in the Greater Los Angeles area.

Significant findings of the report include:

Ø In 2012, the sporting events industry in Greater Los Angeles generated $4.1 billion in overall economic impact for the region.

Ø Approximately 18.5 million people attended area sports events last year.

Ø Full-time employment in the industry exceeded pre-recession levels in 2012, rising a surprising 27% in comparison to the previous study conducted in 2009 (3,938 jobs versus 3,103).

Ø In a related finding, in 2012, 82% of the available tickets to all major league team sporting events in the region -- baseball, basketball, hockey, soccer -- were sold.

The extensive three-month study, co-sponsored by the Sports Council and the Chamber, was conducted by a four-person team of MBA graduate students from the UCLA Anderson School of Management.

The survey included professional franchises, sports venues, horse racing tracks, major colleges and universities, as well as annual recurring events such as the L.A. Marathon, the Long Beach Grand Prix and the Rose Bowl Game.

According to the results, sports pumped $1.7 billion directly into the local economy last year, which, after factoring in the customary economic multiplier provided by a federal government agency, translates into an overall gross economic impact of $4.1 billion.

Professional

(23)

Horse Racing

(4)

Colleges

(11)

Annual Events

(12)

Anaheim Ducks &

Honda Center

Auto Club Speedway

Chivas USA

High Desert Mavericks

Home Depot Center

Inland Empire 66ers

LA Angels & Stadium

LA Clippers

LA Coliseum

LA Dodgers & Stadium

LA Galaxy

LA Kings

LA Lakers

LA Sparks

LA Sports Council

LA ¡¦84 Foundation

Lake Elsinore Storm

Lancaster Jethawks

Orange County Breakers

Rancho Cucamonga

Quakes

Rose Bowl Stadium

Staples Center

USA Water Polo

Fairplex Park

Hollywood Park

LA Turf Club

Los Alamitos

Race Course

Cal State Dominguez Hills

Cal State Fullerton

Cal State Los Angeles

Cal State Northridge

Long Beach State

Loyola Marymount

Pepperdine University

UC Irvine

UC Riverside

UCLA

USC

LA Marathon

LA Triathlon

LA Tennis Challenge

Long Beach Grand Prix

Long Beach Marathon

Mt. SAC Relays

Northern Trust Open


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