Sports Put $5 Billion Into L.A. Economy

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The Southern California sporting events industry accounted for $5.1 billion in total economic impact during 2007, according to a study released by the Los Angeles Sports Council. The study showed a 12 percent annual growth compared with 2005, the last year in which it was conducted.


“The sporting events industry is recession resistant,” said David Simon, president of the L.A. Sports Council, a non-profit organization that promotes economic development through sports.


The study focused on 55 local sports organizations including professional teams, major colleges, venues, horse racing tracks and recurring annual events.


The study, conducted by graduate students at UCLA’s Anderson School of Management, calculated the impact of direct revenue and indirect consumer spending. It does not include sports-driven revenue from travel expenditures, retail merchandising, secondary ticket sales and merchandise manufacturing.


In addition to documenting revenue and spending, the study showed combined attendance of 24.9 million during 2007. The Los Angeles Dodgers led all teams with regular season attendance of 3.8 million.


The organizations studied employ 3,385 full-time and 10,490 part-time staff. Full-time employment increased by 4 percent compared with the 2005 study.

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