Las Vegas' first foray into the dance music festival Electric Daisy Carnival was worth more than $136 million to the local economy, organizers announced Thursday.
The three-day festival that took over the Las Vegas Motor Speedway in June brought some $8.9 million in tax revenue to state and local governments, according to an economic impact report commissioned by the show's producers, Insomniac Events.
The report was compiled from a survey of the more than 12,000 attendees to the show and data provided by Insomniac.
According to the author of the report, Beacon Economics, attendees spent more than $19.6 million on hotel rooms, $16.8 million on food, $10.5 million on transportation, $9.3 million on entertainment, $7.8 million on gaming and $7.2 million on retail purchases.
In a breakdown, about $5 million accounted for local attendees, $109 million accounted for attendees from out of town, and $23 million came from Insomniac.
Electric Daisy Carnival is slated to return to the Motor Speedway June 8-10, 2012.
Insomniac said early bird tickets sold out in less than 36 hours. The next ticket availability date is scheduled for Jan. 3.
Monday, July 28 2014 1:54 AM EDT2014-07-28 05:54:28 GMT
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