Las Vegas went from sports pariah to hosting Super Bowl 58
Once known primarily for gambling and debauchery, Las Vegas has acquired professional sports teams with the National Football League, the National Hockey League, the National Women’s Basketball Association and the United Soccer League in less than ten years. year.
And a Major League Baseball team is on the way.
But that’s not all. The extensive developments in Sin City also include major experiences such as a multi-billion dollar Formula 1 race, a $2.3 billion entertainment center called the Sphere and the upcoming Super Bowl 58 on Sunday.
“We’re not really concerned about our entertainment supply being more than the United States or the world can handle,” Las Vegas Convention and Visitors Authority CEO Steve Hill said in August 2023, ahead of on the first F1 race in town. “We are going to keep adding to that, and we are confident that people from all over the world are going to come,” he said.
Allegiant Stadium, where the Super Bowl will be played, has inspired change. The $2 billion venue was built for the NFL’s Las Vegas Raiders and will open in 2020. It has a capacity of 65,000 people. This has allowed the city to host major events, such as the sold-out Beyoncé and Taylor Swift concerts in 2023, and now, the biggest US sporting event of the year.
“Not only is the NFL here, which is great and a testament to the maturity of Las Vegas,” Hill said. “We host 50 events a year at Allegiant Stadium, and they’re all real. big
Allegiant Stadium brought a cumulative 1.52 million visitors to the area, according to a 2023 impact report by the Las Vegas Raiders, with 88% of those visitors citing it as “the main reason for their visit”.
The report says the stadium’s total economic impact is more than $2.29 billion.
In 2023, 40.8 million visitors came to Las Vegas, up 5.2% from the previous year, although it was still not as high as pre-pandemic levels.
Tourists weren’t the only people who noticed. Thousands of businesses, job seekers and home buyers have moved to the area because of the unique opportunities it offers.
“Las Vegas has gotten over its Sin City attitude or behavior pattern, or at least its belief system, and has moved more toward a safe, desirable city to live in.” with reasonable costs,” said Eric Fernwood, the co-founder of Fernwood Real Estate Investment Group.
However, experts say there are some challenges ahead for this desert city if it wants to continue growing, such as climate change, water shortages and more funding for social programs including childcare.
Watch this video to learn more.