Pacquiao Packs an Economic Punch in Las Vegas
Published: November 10, 2011
The New York Times
Published: November 10, 2011
The New York Times
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Kizer said the buzz surrounding fight weeks has come later in recent years, starting a week before, not three. Yet this fight sold out two weeks after tickets hit the market, for a projected $11.8 million in gross sales, which would rank ninth for all fights.
The commission, Kizer said, receives 6 percent of the gate, in addition to a $50,000 fee, good for $758,000, based on the projection. “One fight,” Kizer added, “basically covers our entire budget.”
According to TicketsNow, the average price of a Pacquiao-Marquez ticket is 42 percent higher ($1,049) than a ticket to Mayweather’s fight in September against Victor Ortiz ($610).
The Nevada Gaming Commission releases data monthly. In Pacquiao’s last triumph, a bout against Shane Mosley in May, the amount made by the casinos increased 28.9 percent compared with the same month a year earlier. That figure was boosted by a large baccarat tournament, which was helped by Pacquiao’s presence.
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Kizer said the buzz surrounding fight weeks has come later in recent years, starting a week before, not three. Yet this fight sold out two weeks after tickets hit the market, for a projected $11.8 million in gross sales, which would rank ninth for all fights.
The commission, Kizer said, receives 6 percent of the gate, in addition to a $50,000 fee, good for $758,000, based on the projection. “One fight,” Kizer added, “basically covers our entire budget.”
According to TicketsNow, the average price of a Pacquiao-Marquez ticket is 42 percent higher ($1,049) than a ticket to Mayweather’s fight in September against Victor Ortiz ($610).
The Nevada Gaming Commission releases data monthly. In Pacquiao’s last triumph, a bout against Shane Mosley in May, the amount made by the casinos increased 28.9 percent compared with the same month a year earlier. That figure was boosted by a large baccarat tournament, which was helped by Pacquiao’s presence.
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