On the Louisiana Economy
The Economic Impact of the NBA All-Star 2017 Weekend on the Louisiana Economy Dek Terrell, PhD Stephen R. Barnes, PhD Freeport Mcmoran Professor of Economics and Associate Professor of Economics and Executive Director, Economics and Policy Research Group Director, Economics and Policy Research Group Louisiana State University Louisiana State University Executive Summary This report summarizes the estimated economic impact of the NBA All-Star 2017 Weekend on the Louisiana economy. In particular, we focus on estimating the Louisiana sales and excise taxes attributable to the event based on intercept surveys conducted by the LSU Economics & Policy Research Group at the event, expenditure data provided by the NBA, media and sponsors, and vendor surveys. Key results are: > Recorded attendance figures indicate 15,701 persons attended the 66th NBA All-Star Game in New Orleans, Louisiana on Feb. 19, 2017. > We also used recorded attendance of the NBA All-Star Celebrity Game (9,604), BBVA Compass Rising Stars Challenge (15,701), State Farm All-Star Saturday Night (15,701), and the NBA D-League All-Star Game presented by Kumho Tire (6,000), and estimated attendance based on intercept surveys at other events associated with NBA All-Star Weekend such as those in Champions Square. > Because many people attended multiple events, we used survey information to convert these attendance figures to an estimate of 27,241 unique individuals attending one or more events during the NBA All-Star 2017 Weekend. > Consistent with standard impact study methodology, we focus on identifying visitors from outside Louisiana and estimating spending by those from outside the State.
[Show full text]