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Updated Super Bowl 58 Budget: Las Vegas Spending $55 Million To Host NFL’s Premier Event

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By Alan Snel, LVSportsBiz.com Publisher-Writer

The Las Vegas host committee had a $55 million budget to help the National Football League put on Super Bowl 58.

LVSportsBiz.com learned this week about the updated budget that was originally $60 million, but the most recent budget is at $55 million.

The $55 million are needed to help put on a Super Bowl for one simple reason — it’s expensive to do business in Las Vegas.

The Las Vegas Convention and Visitors Authority (LVCVA), the public tourism agency, is on the hook for $40 million, while the Las Vegas Super Bowl Host Committee is responsible for raising $15 million for the $55 million budget.

The host committee is expected to raise more than $15 million and any money over $15 million will be used to reduce the LVCVA’s $20 million commitment.

The final bills for the host committee are not in like the final public safety costs, Metro fire and EMS and all the stadium staffing.


 

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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