Sports Council and Chamber release study showing
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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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