An economic report released by event organizers shows an economic impact of more than $136 million from last year’s Electric Daisy Carnival.
The three-day music and arts festival held at the Las Vegas Motor Speedway in June 2011 made a large effect according to a report by Beacon Economics, LLC.
The study, commissioned by the producers of EDC, showed that the festival generated an estimated $8.9 million in tax revenue for state and local government.
“When we decided to produce Electric Daisy Carnival in Las Vegas, we anticipated that Las Vegas would experience a significant economic boost as many of our devoted fans are willing to travel to experience the show,” said Pasquale Rotella, president and CEO of Insomniac.
Beacon Economics estimated the amount of spending generated by EDC Las Vegas using data collected via a comprehensive survey of more than 12,000 attendees and data provided by Insomniac.