TNT Has Strong Opening Night Ratings Winnipeg, Saskatoon Seeking To Host '19 World Juniors Fanatics To Get Rights To NHL Playoff Apparel Fox Has Best World Series Opener Since '09 Hansen Group Offers To Fund Seattle Arena Privately Michigan State Planning Hoops Game In Greece Rowdies, Fury Defect From NASL To USL Battle At Bristol Helps SMI's Q3 Earnings Mara Admits Fault In Josh Brown Situation DraftKings, FanDuel To Pay New York State $6M Each
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).