Insomniac has recently reported their economic gain over the past five years. The findings are simply, astonishing. According to a study done by Beacon Economics, 3.39 million people came together over 48 events held across 14 different cities generating over $3.17 billion towards the US Economy between 2010-2014.
Out of the 14 host cities, Las Vegas was a major benefactor generating $1.7 billion between 2010-1014 with San Bernardino coming in second having generated $440 million.
Labor statistics resulted in 25,000 jobs created with $1 billion generated for workers income.
Christopher Thornberg, founding partner of Beacon Econonmics, added:
“These events not only bring jobs and revenues in the short term, but they play a role in introducing new generations to new places and cultural experiences, encouraging longer-term investment and helping rejuvenate neighborhoods.”
Pasquale Rotella, founder of Insomniac, adds:
“This study beautifully illustrates the powerful financial and cultural impact of dance music here in the United States. As support from our Headliners continues to grow, our contributions can continue to make a difference here at home and around the world.”
Check out Insomniac\’s press release and figure below:
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Source: Insomniac
