The three-day EDC held at the Las Vegas Motor Speedway in June 2013 pumped an estimated $278 million into the Clark County economy, according to an economic impact report released today by Beacon Economics, LLC. With incredible growth since its premiere in Las Vegas in 2011, Insomniac has generated more than $621 million dollars for the Las Vegas economy.
Pasquale Rotella said,
Each year our goal with EDC Las Vegas is to improve the fan experience and I’m so happy that, as we continue to improve and grow, that Clark County continues to benefit too. The Insomniac family and our fans have truly embraced Las Vegas as our home during EDC Week in the City, and the idea that the fans get to have fun while also creating hundreds of millions of dollars for the local economy is truly a win-win situation. We’re already looking forward to returning in 2014.”
The festival created an estimated $17.4 million in tax revenue for state and local government. EDC Las Vegas’ overall economic output is the equivalent of 2,686 full-time jobs and increased labor income by $113.8 million for workers in Clark County.
Pat Christenson, president of Las Vegas Events said,
It’s important to understand that these numbers are being driven by spending across Las Vegas as well as at the Speedway where the festival was held. The average group stayed four nights in town, meaning they were there to enjoy EDC Las Vegas, but also put spending toward the many other activities and sites the city has to offer.”
This is some great info to hear, let’s make an even larger positive impact this year for EDC Vegas 2014!
The official insomniac announcement and full 25 page Economic Impact Analysis press release can be found here: http://bit.ly/1bhP2Yo
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