SPORTS in LOS ANGELES and ORANGE COUNTIES: an Economic Impact Analysis

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SPORTS IN LOS ANGELES AND ORANGE COUNTIES: An Economic Impact Analysis

The partnership between the Los Angeles Economic Development Corporation (LAEDC) and the Los Angeles Sports Council (LASC) quantifies the importance of sports to the Greater Los Angeles Region

Here in Los Angeles, we know sports are more than just good entertainment — they drive our economic dynamism and expand opportunities for Angelenos and families across our region. Our city is one of the world’s truly great sports towns — and this report reaffirms that what happens in our arenas, ballparks, and fields helps us create jobs, attract investment, and stimulate economic growth.

MAYOR ERIC GARCETTI

The Regional Impact of Sports 39,000 $6.2 JOBS BILLION in Economic Output $3.3 BILLION $280 in Labor Income MILLION in revenue received The economic $770 by University impact of sports has MILLION Athletic programs INCREASED spent on sporting events annually 11.3 $2.1 BILLION MILLION in the greater MILLIONS attendees at Los Angeles area in donations to professional since 2012 local charities sporting events Major local events such as the Long Beach Grand Prix, L.A. Marathon and Genesis Open % Average Attendance per Home Game 4.7 (IN THOUSANDS) % Other Taxes Los Angeles Clippers 16.58 5.6 and Fees Anaheim Ducks 16.64 Corporate Los Angeles Kings 18.24 Profits Taxes Los Angeles Lakers 18.93 % Los Angeles Football Club 22.04 7.4 Los Angeles Galaxy 24.44 Property Los Angeles Chargers 25.34 Tax Los Angeles Angels of Anaheim 37.29 Los Angeles Dodgers 47.63 36.6% Los Angeles Rams 72.43 % 0 20 40 60 80 10.2 Personal Sales and Income Taxes Excise Taxes Top 5 Universities by Sports Revenue (IN MILLIONS) 140 131 % 35.5 120 117 Social Insurance 100 80 60 State and Local Taxes 40 25 23 21 paid by All Sports 20 0 Organizations UCLA USC Loyola Pepperdine CSU Long Marymount Beach

Los Angeles has Los Angeles hosts major professional sports major league championship titles, professional more than any other region west of the Mississippi River. 11 teams

Professional, collegiate % and their supporting organizations contribute over 63.4 increase in spectator attendees at USC and $327 MILLION sports wage growth UCLA games each year in state & local taxes from 2006 to 2016

The report will INSTITUTE FOR APPLIED ECONOMICS be available for 444 S. Flower Street, 37th Floor download at Los Angeles, CA 90071 www.lasports.org www.LAEDC.org/IAE