The Raiders’ revenue from the sale of PSLs at Allegiant Stadium "continues to smash original estimates and has now climbed to $549 million," after initial estimates by the team "projected PSL sales would generate around $250 million," according to Mick Akers of the LAS VEGAS REVIEW-JOURNAL. When the PSLs sold out in January, the "revenue generated by sales sat at $478 million." But the new total provided at last week's Las Vegas Stadium Authority board meeting "revealed that number is still rising." Raiders President Marc Badain said that the $71M increase from January is "tied to seat holders who are on the various financing plans making payments." Akers reported all proceeds from the PSL sales are being "infused into the nearly $2 billion stadium now under construction." The Raiders’ PSLs "ranged in price from $500 to $75,000 depending on the section the seats were located." About 60% of PSL sales were "from buyers in Nevada" and 40% "from outside the state." Around 7,000 fans "who had season tickets in Oakland bought PSLs for Allegiant Stadium." PSLs are "tied to about 55,000 of the 65,000 seats" in the facility (LAS VEGAS REVIEW-JOURNAL, 5/23). PRO FOOTBALL TALK's Michael David Smith noted the Raiders "knew moving from Oakland to Las Vegas would be lucrative, but the revenue at the new stadium is exceeding the team’s expectations" (NBCSPORTS.com, 5/23).
