Las Vegas has always been one of the most popular tourist attractions in the world and it is now emerging as a premiere destination for major league professional sports, Golden Knights President Kerry Bubolz told the Associated Press. The addition of the second NASCAR race supports that. And as a NASCAR fan, I personally am excited about the news. Big Money
Vegas welcoming marquee sporting events is a substantial revenue booster to the city. Roughly 115,000 fans attended the Kobalt 400, with over 96,000 out-of-town guests.
In addition to the millions of dollars spent on lodging, food, and entertainment by the sports fans, each ticket sold also provides direct revenue to the Las Vegas government.
Under the Live Entertainment Tax, Las Vegas receives nine percent of all admission charges. With the cheapest tickets for the Kobalt 400 selling upwards of $100, and over 115,000 in attendance, Clark County nets over $1 million from the NASCAR event.
