Sports in and out of season can have big impacts on the economy anywhere in the world. The NFL and the FIFA World Cup could help Kansas City, Missouri by bringing in more than 100 million dollars and could get up to more than 500 million dollars. The amount of money brought in will depend solely on how many games will be played at the Chiefs stadium, Arrowhead Stadium.
Although the NFL is out of season, the NFL draft will have a big role in determining how much money brought in. The NFL draft is estimated to have had around 350,000 visitors to Kansas City with other activities that occur during the week as well. This brings in money to hotels, restaurants, stores, transportation services, and general business spending of the Draft. The total estimated money to be brought in would be just about 101 million dollars throughout the week and will generate over 10 million dollars in direct tax receipts to Kansas City. The FIFA World Cup could generate even more money depending on the number of games played, the dollar amounts included anywhere from 160 million to 620 million dollars.
The NFL Draft and the FIFA World Cup will mostly generate a lot of economic activity and will draw a lot of attention for future events. With the Kansas City, Chiefs already being a hot attraction due to the Super Bowl Champions, we will see what else will be hosted next in Kansas City. Depending on how many teams select Arrowhead Stadium to host their games and how far they go in their tournament can also be another big factor in future economic activity in Kansas City.
NFL Draft, World Cup each expected to generate $100M-plus in economic impact (kshb.com)
What other not normally thought about cities do you think would be a good host to events like these, that could also benefit as much as Kansas City has?
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