{"id":522,"date":"2022-01-13T15:06:34","date_gmt":"2022-01-13T12:06:34","guid":{"rendered":"https:\/\/xxbet-company.com\/las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl\/"},"modified":"2022-01-13T15:06:34","modified_gmt":"2022-01-13T12:06:34","slug":"las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl\/","title":{"rendered":"Las Vegas Tourism Authority Approves $40M Budget for 2024 Allegiant Stadium Super Bowl"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl\/#Hotel_Guests_Foot_Bill\" title=\"Hotel Guests Foot Bill\">Hotel Guests Foot Bill<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl\/#Worthy_Investment\" title=\"Worthy Investment\">Worthy Investment<\/a><\/li><\/ul><\/nav><\/div>\n<p class=\"p1\">The 2024 Las Vegas Super Bowl will cost Clark County and the city around $60 million. A substantial portion of the hosting budget \u2014 $40 million \u2014 was approved this week by the Las Vegas Convention and Visitors Authority (LVCVA).<\/p>\n<figure aria-describedby=\"caption-attachment-197742\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"size-full wp-image-197742 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-142x95.jpg\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-142x95.jpg\" alt=\"Las Vegas Super Bowl 2024 LVCVA\" width=\"1200\" height=\"800\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"size-full wp-image-197742\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1.jpg\" alt=\"Las Vegas Super Bowl 2024 LVCVA\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/AP_21349793291770-1024x683-1-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Allegiant Stadium, home of the Las Vegas Super Bowl in 2024, is seen after the NFL awarded the big game to Southern Nevada in December. Las Vegas officials expect to incur around $60 million in expenses in hosting Super Bowl LVIII. (Image: Getty)<\/figcaption><\/figure>\n<p class=\"p1\">During its January meeting yesterday, the LVCVA board of directors signed off on directing $40 million to the Las Vegas Super Bowl Host Committee, LLC. The board approval was unanimous.<\/p>\n<p class=\"p1\"><strong>The $40 million is part of a Sponsorship Agreement between the tourism and convention agency and the Las Vegas Super Bowl Host Committee. The NFL helped the committee determine its hosting budget.<\/strong><\/p>\n<p class=\"p1\">The LVCVA is fully funded by way of occupancy taxes incurred at casino resorts and hotels throughout Clark County. Visitors are responsible for paying the nightly tax, which is collected by the hotels. The LVCVA does not receive revenue from any other source, including local residents.<\/p>\n<p class=\"p1\">The Host Committee is responsible for raising the remaining $20 million of the $60 million budget. The committee is chaired by Allegiant Airlines CEO and Chair Maurice Gallagher.<\/p>\n<h2 class=\"p1\"><span class=\"ez-toc-section\" id=\"Hotel_Guests_Foot_Bill\"><\/span><b>Hotel Guests Foot Bill<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p1\">Las Vegas guests were responsible for $750 million of the $1.9 billion it cost to construct Allegiant Stadium. The Las Vegas Raiders home, which will <a href=\"https:\/\/www.casino.org\/news\/nfl-expected-to-award-las-vegas-2024-super-bowl-according-to-report\/\" rel=\"nofollow noopener\" target=\"_blank\">host Super Bowl LVIII<\/a> in a little more than two years, is located just west of the Strip and I-15 at Mandalay Bay.<\/p>\n<p class=\"p1\">The $750 million allocation from the Southern Nevada Tourism Infrastructure Committee was raised by increasing the Clark County nightly hotel occupancy tax by 0.88 percent. On a $600 folio, that equates to an additional $5.28.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">The LVCVA collects a five to six percent nightly occupancy tax on casino hotels, and two to five percent at non-gaming hotels and motels. The final rates are dependent on each property\u2019s location. The LVCVA fiscal year 2020 budget was $358.15 million.<\/p>\n<\/div>\n<p class=\"p1\">The $40 million Super Bowl check from the LVCVA is the agency\u2019s all-time largest noncapital expense for a single event.<\/p>\n<h2 class=\"p1\"><span class=\"ez-toc-section\" id=\"Worthy_Investment\"><\/span><b>Worthy Investment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p1\">The LVCVA $40 million earmarked for the Las Vegas Super Bowl is <a href=\"https:\/\/www.casino.org\/news\/las-vegas-super-bowl-expected-to-deliver-500m-economic-impact\/\" rel=\"nofollow noopener\" target=\"_blank\">expected to deliver a substantial return<\/a>. Tampa Bay reported that it\u2019s hosting of the big game last year generated an economic impact of $571.9 million and created 4,600 full- and part-time jobs.<\/p>\n<p class=\"p1\"><strong>The $60 million hosting budget includes costs associated with putting on the Super Bowl on February 11, 2024, but also events throughout the week leading up to game day.<\/strong><\/p>\n<p class=\"p1\">Notable expenditures include a $17 million payment to the NFL for the hosting privileges, $6 million to offset stadium costs, $6 million for contingencies, $5 million for tickets and suites, $3.85 million in staff salaries, $3 million for sponsorship materials, and $3 million for public safety such as first responders.<\/p>\n<p class=\"p1\">Las Vegas Super Bowl Host Committee additionally breaks down its budget:<\/p>\n<ul>\n<li class=\"p1\">$2.7M \u2014 advertising, marketing, and d\u00e9cor<\/li>\n<li class=\"p1\">$2.5M \u2014 parking and transportation<\/li>\n<li class=\"p1\">$2.2M \u2014 non-game day events<\/li>\n<li class=\"p1\">$2M \u2014 hotels and meeting facilities<\/li>\n<li class=\"p1\">$1.65M \u2014 media, public relations, hospitality<\/li>\n<li class=\"p1\">$1.6M \u2014 office space, professional services, insurance<\/li>\n<li class=\"p1\">$1.5M \u2014 other expenses<\/li>\n<li class=\"p1\">$1.25M \u2014 volunteers<\/li>\n<li class=\"p1\">$750K \u2014 permits<\/li>\n<\/ul>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/las-vegas-super-bowl-public-funding-approved-by-tourism-authority\/\" target=\"_blank\">Las Vegas Tourism Authority Approves $40M Budget for 2024 Allegiant Stadium Super Bowl<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The 2024 Las Vegas Super Bowl will cost Clark County and the city around $60 million. A substantial portion of the hosting budget \u2014 $40 million \u2014 was approved this week by the Las Vegas Convention and Visitors Authority (LVCVA). Allegiant Stadium, home of the Las Vegas Super Bowl in 2024, is seen after the <a href=\"https:\/\/xxbet-company.com\/nb\/las-vegas-tourism-authority-approves-40m-budget-for-2024-allegiant-stadium-super-bowl\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/522"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=522"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/523"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}