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By Alan Snel, LVSportsBiz.com Publisher-Writer
LAS VEGAS, Nevada — The boosters of the $750 million public subsidy to help build the NFL Raiders stadium constantly crow about how the number of ticketed events exceeded expectations of about 40 events a year.
So, let’s go to the actual event numbers at Allegiant Stadium for 12 months during the first half of 2025 and second half of 2024. These numbers are part of the public information for Thursday’s Las Vegas Stadium Authority Board session at 3 PM at the Las Vegas Convention Center LVCVA meeting room. It’s the most recent 12-month period for ticketed-event activity as the domed venue, according to the data.
This chart shows there were 10 NFL games, six UNLV football contests, 12 concerts and 11 other ticketed events during the 12-month period. That’s a grand total of 39 ticketed events in a year.
It should be noted that the Raiders, which manage the domed, 62,000-seat stadium, also include something called “private events,” which are often corporate events that can easily be accommodated at Las Vegas’ many hotel facilities or even other sports venues like F1 Las Vegas Grand Prix’s snazzy pit building at Koval Lane and Harmon Avenue. Is it proper to include corporate events in the stadium’s overall events number when these can easily be hosted by Las Vegas’ many facilities?
The Raiders’ announced attendance is tickets distributed and is not the number of people who actually attend games. For example, the one Raiders game in the first quarter of 2025 had attendance of 51,707. That’s more than 10,000 less than the fixed seats of 62,000 inside the stadium.
It’s important to note that Southern Nevada is still raising more than $1 billion in hotel room tax revenues to pay off the complete debt on the $750 million contributed by the public to the stadium construction budget of $1.4 billion. The $1.4 billion construction budget was the major spending item in the overall $2 billion stadium project that opened in 2020.
The Raiders play the 49ers Saturday and LVSportsBiz.com will be there covering the event.
Raiders owner Mark Davis has seen the value of his Raiders franchise soar to more than $7 billion thanks to the publicly-subsidized stadium’s revenues. Even though the public contributed more than half of the stadium construction costs, the public does not receive a penny in the appreciated value of the team.
PSA
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