According to a report from FOX 13 News, the host city of St. Petersburg, Florida benefited immensely from the 2024 WWE Royal Rumble pay-per-view event, which generated a direct economic impact of $47,047,401.
The event contributed $28,337,038 in direct spending and $2,923,664 in taxes to the city.
The report lists additional statistics as a sampling of spillover business to local companies, which you can check out below:
* The Imagine Museum had a 25% increase in attendance for the day after the pay-per-view event.
* Ferg’s Sports Bar did seven times the business of a normal Saturday on the day of the Royal Rumble.
* Green Bench reported a 10-15% increase from normal Saturday operations.
* The Sun Runner saw a 95% ridership increase on the day of the show.
* $60,000 was donated to ARC Tampa Bay, Miracle by the Bay, Boys & Girls Club of St. Petersburg, and the Pinellas Education Foundation.
The 2024 WWE Royal Rumble pay-per-view event held in St. Petersburg, Florida proved to be a major boost for the city’s economy. According to a report from FOX 13 News, the event generated a direct economic impact of $47,047,401, with $28,337,038 in direct spending and $2,923,664 in taxes contributed to the city.
The report highlights several statistics that demonstrate the positive effects of hosting such a high-profile event. One notable impact was seen at the Imagine Museum, which experienced a 25% increase in attendance on the day following the pay-per-view event. This surge in visitors not only provided an opportunity for more people to enjoy the museum’s exhibits but also contributed to increased revenue for the institution.
Ferg’s Sports Bar, a popular establishment in St. Petersburg, saw an incredible seven-fold increase in business compared to a typical Saturday. This significant boost in customers can be attributed to wrestling fans flocking to the bar before and after the Royal Rumble event. The increased foot traffic undoubtedly had a positive impact on Ferg’s Sports Bar’s revenue for the day.
Another local business that benefited from the event was Green Bench, a well-known brewery in St. Petersburg. They reported a 10-15% increase in operations compared to a regular Saturday. This increase in business can be attributed to wrestling fans looking for a place to relax and enjoy some locally brewed beer before or after the event.
The Sun Runner, a local transportation service, experienced a staggering 95% increase in ridership on the day of the show. This surge in demand for transportation services can be attributed to the large number of attendees who needed reliable transportation to and from the event venue. The increase in ridership not only provided convenience for wrestling fans but also boosted revenue for The Sun Runner.
In addition to the economic impact on local businesses, the 2024 WWE Royal Rumble event also had a positive effect on the community through charitable donations. A total of $60,000 was donated to ARC Tampa Bay, Miracle by the Bay, Boys & Girls Club of St. Petersburg, and the Pinellas Education Foundation. These donations will undoubtedly support important initiatives and programs in the local community.
Overall, the 2024 WWE Royal Rumble pay-per-view event proved to be a significant economic boost for St. Petersburg, Florida. The direct spending, increased business for local establishments, and charitable donations all contributed to the city’s economic growth and community development. Hosting high-profile events like this not only provides entertainment for fans but also brings tangible benefits to the host city.