With less than four years to go until the 2028 Olympic and Paralympic Games, all the lights are green in Los Angeles for the sports economy. The situation is even historically flourishing. The site The Sports Examiner releases key figures from an annual study conducted by the Los Angeles County Economic Development Corporation (LAEDC). They reveal that the economic impact of sports in the Californian city reached a record high in 2023, at $11,7 billion. Direct sports-related revenue increased by $816,2 million (22%) compared to the previous year. Most of this growth came from professional sports, thanks to more games, higher ticket prices and higher salaries. Attendance at professional sporting events increased by an average of 4,3% for all teams in Los Angeles' major leagues (MLB, MLS, NBA, NFL, NHL, NWSL and WNBA). The sports industry alone is responsible for 83.880 jobs, the vast majority (84,6%) of which are in the professional sector.
