Super Bowl LVI expected to bring $477 million to LA economy
INGLEWOOD, CALIFORNIA - SEPTEMBER 08: The interior of SoFi Stadium is seen following a ribbon-cutting event on September 08, 2020 in Inglewood, California. (Photo by Rich Fury/Getty Images for Hollywood Park Management Company)
INGLEWOOD, Calif. - The Super Bowl is coming to Los Angeles and it’s bringing some big money to the City of Angeles.
According to a new report issued by Micronomics Economic Research and Consulting, Super Bowl LVI is expected to bring in an estimated $477.5 million to the local economy.
In addition to bringing in millions of dollars, people can also expect to see a rise in job opportunities...everything from event production, to transportation to hotels and restaurants.
According to the report, the LA region could see approximately 2,200 to 4,700 new jobs.
The County of LA could also see a local tax revenue of $12 million to $22 million, according to data from the report.
"When our city welcomed the newly completed SoFi Stadium and YouTube Theater, we were cautiously optimistic to see the projected economic benefits, tax revenues and jobs potential for the community. With a potential $52 million stimulus for the total Inglewood economy (purchases, jobs and businesses) for Super Bowl week, this report paints an encouraging portrait of what those economic impacts could look like for all of Inglewood," Inglewood Mayor James Butts said in a statement.
RELATED: Super Bowl LVI logo unveiled ahead of the big game in Inglewood in 2022
LA Super Bowl Host Committee announces winners of Legacy Grant Program
Get your top stories delivered daily! Sign up for FOX 11’s Fast 5 newsletter. And, get breaking news alerts in the FOX 11 News app. Download for iOS or Android.
Hopefully the Big Game will bring some big changes for local businesses who were hit hard by the pandemic.
Super Bowl LVI will be played at the new SoFi Stadium in Inglewood on February 13, 2022.
Over the past years, the City of Inglewood has become a major hub for sports and entertainment. Most recently, the Clippers broke ground on a brand new arena that is slated to open in 2024 in Inglewood.
Tune in to FOX 11 Los Angeles for the latest Southern California news.