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Electric Daisy Carnival

Nov 16, 2014

Local Economy Boosted by Almost $1 Billion from EDC Las Vegas

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Written by: Suzanne Welker Jurgens

Since Electric Daisy Carnival debuted in Las Vegas in 2011, the three-day event held annually at the Las Vegas Motor Speedway, has generated an estimated almost $1 billion for the residents, businesses and local governments within Clark County, Nevada over the past four years.  According to economic data provided to Insomniac by Beacon Economics, LLC., EDC Las Vegas continues to see unprecedented economic growth every year, producing for the local economy an estimated total of $136 million in 2011, $207 million in 2012, $278 million in 2013 and most recently $337.8 million in 2014.

Pasquale Rotella, Insomniac’s Founder and CEO, said:

“I’m so excited that a culture which started out years ago with such humble beginnings has evolved into a festival capable of generating almost $1 billion for Las Vegas and the surrounding areas. It’s really overwhelming when I think about it, and I’m grateful that our fans love a city that I hold so close to my heart and now call home.”

EDC festival goers, called “Headliners” by Insomniac, not only attend the three-day EDC festival but also attend nightclub and dayclub events in Las Vegas during what is referred to as EDC Week. Total direct spending by festival goers was estimated at $156.6 million in 2014:

  • Food and beverage: $54.3 million
  • Accommodations: $30.2 million
  • Gaming: $23.5 million
  • Transportation:  $18.6 million
  • Entertainment: $16.8 million
  • Retail: $13.2 million

Insomniac spending was responsible for an impact of $81.2 million (excluding the cost of talent).

Take a look at the interesting data in this infographic which is based on a 2014 study commissioned by Insomniac.

Economic-Infographic_705x1777

*Beacon Economics estimated the amount of spending generated by EDC Las Vegas using data collected via a comprehensive survey of tens of thousands of attendees and data provided by Insomniac.

 

 



About the Author

Suzanne Welker Jurgens
Suzanne Welker Jurgens has been involved in the publishing world for over 12 years. She has worked at several business technology magazines such as Business 2.0 and The Industry Standard, as well other magazine titles such as Allure, Yoga Journal and Dwell. In 2012, Suzanne decided that it was time to marry her passion of music with her extensive experience in media and jumped feet first into developing schulzarmy.com. When she is not helping break the latest Schulz Army and The Scene is Dead news, you will find her at events waving the Schulz Army flag and passing out "Down the Rabbit Hole We Go!" wristbands. Suzanne is also part of the TranceFamily SF team and helps out at local trance events hosted by Sondra Productions and Phoria Events.




 
 

 

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