Electric Daisy Carnival 2013 Generates $278 Million for Las Vegas Economy
Las Vegas hit the jackpot with last June’s Electric Daisy Carnival, as the festival brought in an estimated $278 million for the local economy in just three days. These findings come from an economic impact report from Beacon Economics, which also revealed that the third annual event garnered $136.9 million in attendee spending (up 38% from 2012). 95% of festival attendees traveled from outside Las Vegas, generating 92,000 hotel rooms, $25 million in accommodations, over $45 million on food and drink, and a combined $54.8 million on transportation, gaming, and retail spending.
This year’s earnings bring the total revenue generated for Las Vegas by EDC to $621 million over its three iterations at the Las Vegas Motor Speedway. This success has seems to have secured EDC’s place for the foreseeable future, with president of Las Vegas Events Pat Christenson saying,
“Again in 2013, EDC continued to grow, both in attendance and its impact on Las Vegas. The EDC experience has proven to be a huge success, and we look forward to working with Insomniac in 2014 and beyond.”
Electric Daisy Carnival will return to Las Vegas for its fourth year from June 20-22, 2014. Tickets for the event are on sale now here.