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Electric Daisy Carnival makes millions for valley economy | News

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Electric Daisy Carnival makes millions for valley economy
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Electric Daisy Carnival makes millions for valley economy

The three-day music and arts festival known as Electric Daisy Carnival says it generated more than $337 million dollars for the Clark County economy.

The organizers of the event say the numbers were provided to them by Beacon Economics. The company also says the festival has pumped almost $1 billion into the local economy since it started in 2011.

According to organizers, the festival generated an estimated $19.9 million in tax revenue for state and local governments. Festival goers spent $54 million on food and beverage, $30 million on accommodations and $23 million on gaming.

The festival was held at the Las Vegas Motor Speedway in June. It brings in people from around the world for three days of all night parties. Besides the actual festival, there are also industry parties and gatherings in the week leading up to the event.

 

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