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With Five Home Games Left, Golden Knights’ Attendance Revenues To Hit About $65 Million In Inaugural Season

VGK gave their season ticket holders some options Monday for the upcoming season. Photo credit: Daniel Clark/LVsportsBiz.com

By ALAN SNEL

LVSportsBiz.com

 

With only five home games left in the regular season, the Vegas Golden Knights’ announced attendance is averaging 18,011 fans per game — which is 103.7 percent of capacity for hockey at T-Mobile Arena.

 

It’s a remarkable attendance mark, with the team benefiting from standing-room-only space around the venue that’s wedged in between Monte Carlo and the New York-New York parking garage. Only three NHL teams have higher attendance capacity numbers — Chicago (109.7 percent), Minnesota (105.9 percent), and Washington (104.6 percent).

The Golden Knights are packing in the fans at T-Mobile Arena. Photo credit: Daniel Clark/LVSportsBiz.com

 

Golden Knights owner Bill Foley has said the average Golden Knights ticket is $88. If the Golden Knights average 18,011 fans per game for the final five games, that will bring the regular-season attendance total to 738,485. Multiply total attendance of 738,485 by the average $88 ticket price, and you have total ticket revenues of nearly $65 million. (Some tickets are comps, it should be noted.)

Fans of all ages attend Golden Knights games. Photo credit: Erik Ricardo/LVSportsBiz.com

 

Those $65 million in ticket revenues go a long way toward covering the team’s player salaries. Other important revenues come from broadcast rights and corporate sponsorship deals.

 

Golden Knights attendance is creeping up as the season moves along. The Pacific Division leaders were averaging 17,941 fans per game after 27 home games.

Golden Knights fans include Joe Maloof, a minority owner of the the rookie NHL team. Photo credit: Erik Ricardo/LVSportsBiz.com

 

The Golden Knights play the Vancouver Canucks Tuesday at 7 p.m. at T-Mobile Arena.

 

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My friends at the Sports Business Journal have recognized the Golden Knights and T-Mobile Arena for several 2018 award nominations.

 

The Golden Knights were nominated among six teams for “Sports Team of the Year.”

Golden Knights nominated for “team of the year.” Photo credit: Daniel Clark/LVSportsBiz.com

 

Golden Knights owner Bill Foley was among five people nominated for the “Sports Executive of the Year.”

Nominated for executive of the year. Photo credit: Daniel Clark/LVSportsBiz.com

 

T-Mobile Arena, the Golden Knights’ home ice, was nominated among six venues for “Sports Facility of the Year.”

T-Mobile Arena was nominated for sports facility of the year.

 

And don’t forget, the Mayweather vs. McGregor boxing match, held at T-Mobile Arena, was among six nominated for “Sports Event of the Year.”

Mayweather v McGregor nominated for sports event of the year.

 

It should be noted that MGM Resorts International, Anschutz Entertainment Group (AEG) and Bill Foley all own T-Mobile Arena.

 

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It’s VGK Fan Appreciation Week from March 26-31 and the Knights have planned a whole bunch of free goodies for their fans. Here’s a nice Golden Knights press release on NHL.com to give the list of freebies.

 

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Follow LVSportsBiz.com on Instagram, Facebook and Twitter. Contact LVSportsBiz.com founder/writer Alan Snel at asnel@LVSportsBiz.com

 

 

Alan Snel: Alan Snel brings decades of sports-business reporting experience to LVSportsBiz.com. Snel covered the business side of sports for the South Florida (Fort Lauderdale) Sun-Sentinel, the Tampa Tribune and Las Vegas Review-Journal. As a city hall beat reporter, Snel also covered stadium deals in Denver and Seattle. In 2000, Snel launched a sport-business website for FoxSports.com called FoxSportsBiz.com. After reporting sports-business for the RJ, Snel wrote hard-hitting stories on the Raiders stadium for the Desert Companion magazine in Las Vegas and The Nevada Independent. Snel is also one of the top bicycle advocates in the country.
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