WrestleMania Generates $101.2M Economic Impact
Posted On: November 20, 2013 By :WrestleMania 29 generated an estimated $101.2 million economic impact for the New York/New Jersey region in April, according to a study conducted by the Enigma Research Corporation and released by WWE and the state of New Jersey. This marks the second consecutive year that WrestleMania generated more than $100 million in estimated economic impact for its host city.
Over the past six years, WrestleMania has generated more than $400 million in cumulative economic impact for the cities that have hosted the event, according to WWE. WrestleMania 29, which was staged April 7 at MetLife Stadium, also generated approximately $16.5 million in local, state and county taxes, according to the report.
“We are thrilled that WrestleMania created a substantial benefit on both sides of the Hudson, and we thank New York Mayor Michael Bloomberg and New Jersey Governor Chris Christie for their incredible partnership and hospitality,” said John P. Saboor, WWE’s executive vice-president, special events. “We are also forever grateful to our friends at the New York Giants and New York Jets, as well as all of our regional public and private sector partners that worked tirelessly to welcome our fans from around the world.”
A capacity crowd of 80,676 fans from all 50 states and 34 countries attended WrestleMania 29, making it the highest-grossing entertainment event held to date at MetLife Stadium. The study found that 54 percent of attendees came from outside the New York/New Jersey area, staying for an average of four nights. The economic impact derived from WrestleMania Week was equal to the creation of 943 full-time jobs for the area, the report concluded.
“We thank all of WWE’s devoted fans who descended on our region from all over the world to be a part of WrestleMania,” Christie said. “The entire week of events helped generate a tremendous boost for our economy, and we look forward to the possibility of MetLife Stadium hosting a future WrestleMania.”
WrestleMania 30 will be held Sunday, April 6, at the Mercedes-Benz Superdome in New Orleans.
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