TWC To Carry SEC Network At Launch NFL's Reasoning For Ray Rice Punishment UNC To Help Athletes Finish Degrees IOC Invites ISF To Host Exhibitions MGM Grand Lines Up Basketball Events Carnival To Sponsor Cowboys Pac-12 Networks Reaches Deal With YouTube Dover Reports Decrease In Q2 Revenue NFL Criticized For Suspending Rice Just Two Games SBJ/SBD Seek Hockey/Soccer Beat Writer
SBD/14/Law PoliticsPrint All
Major sporting events in the L.A. area contributed approximately $2B to the area's economy according to a study conducted by the UCLA Anderson Graduate School of Management. The study was commissioned by the L.A. Sports Council and the L.A. Area Chamber of Commerce. The report found that $762M was pumped directly into the economy; $1.2B was generated by second- hand spending. In addition, the study found that sports were responsible for 1,716 full-time and 12,857 part-time jobs. L.A. Sports Council President David Simon: "The results of this study should indicate to the community that sports are not only games played by adults, but they are an important provider of jobs and economic benefit for our region" (L.A. Sports Council).