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.

After a relatively peaceful event despite fears of much larger problems, the Electric Daisy Carnival returns to Las Vegas next year.

The music and art festival held at Las Vegas Motor Speedway (LVMS) will take place June 8-10.

“When Insomniac decided to produce EDC in Las Vegas last June, we knew we were working with the ideal venue but we weren’t sure how our fans would react,” said Insomniac President and CEO Pasquale Rotella. “But after seeing more than 230,000 people show up to enjoy our show we knew we picked a city and venue that serves as the perfect home for the largest electronic music festival in North America.”

"The promoter of EDC, Insomniac, demonstrated that it operates a well-organized, safe and secure event. The people at Insomniac are proven professionals,” said Chris Powell, president of LVMS.

Las Vegas Events will be involved in the production of the 2012 event