Newsday reports on a new study provided by the UFC on Thursday which reveals that the legalization of MMA in New York State would result in a $68 million economic impact within the state.
The new findings from a study commissioned by the UFC reveal that the state’s potential economic benefit is 3 times the amount than that of a similar study in 2011. In that study, it concluded an economic impact of $23 million. The new study’s economic impact includes an anticipated 5 UFC events in the state and factors in events from Bellator, World Series of Fighting and Ring of Combat. In addition, the study indicates that “statewide expansion of UFC Gyms would generate an additional $67 million in spending per year by 2017.” This would boost the economic impact to $135 million.
Specifically, the study reveals that two UFC events in New York city would generate $16 million in economic activity. The study also estimates $12.2 million in ticket sales per event which would be a record in the U.S. Three UFC events per year in cities such as Buffalo, Syracuse and Albany would produce $18 million in those areas.
(H/t: Adam Martin)
Payout Perspective:
Will persistence ever pay off for the UFC in New York? The latest study, which the UFC paid for, indicates that the events would give the state an economic influx from its events as well as business for the hospitality industry. What has changed since the 2011 study is that the UFC is holding more live events and factors this into the new study. Now an anchor on Fox Sports 1, it has the opportunity to hold a couple big events in New York City and three Fight Nights in upstate New York. Also, there are other companies out there that would likely take advantage of the legalization of MMA in New York (i.e. Bellator, WSOF). Will this new study persuade any New York legislator that cares to listen?
Desperation lol…..3x more Haha
Sheldon Silver won’t live forever. Still just a matter of time.
The other thing that’s changed since 2011 is that New York is the LAST space in North America where the sport remains banned. It’s hard not to look a bit backward in that landscape, especially given the sprojected economic impact in the face of the state’s severe deficit, and the longer it continues, it becomes more likely that the union issues will become more visible to the voting public.
Considering the state has a 135billion dollar budget; the UFC will have a negligible impact on NY.
http://www.reuters.com/article/2013/03/29/us-state-budget-new-york-idUSBRE92S09D20130329
Jason,
What happened to the last couple weeks of TUF ratings? Are they floating around or ?
Lorenzo taking the lead (in light of Dana’s recent tactlessness) can only help, but it is negligible money and will not be legalized based on projected dollars alone.
Professional MMA is not legal because more people disapprove than approve.
Does anyone really think NY cares about what they do in South Dakota, Arkansas or hell, even New Jersey?
To Silver, it’s irrelevant, the only the economic impact he’s interested in is the payoff $ he’s getting from the unions to keep the sport from getting voted on. 68 mil means little to him if a large percentage of that isn’t going to his bank account.
@Leon
I will post this past week’s sometime today. It did in the 510K range. I thought I had posted last week but will check.
Check that, MMA Supremacy has last night’s TUF overnight rating this week at 561K
UFC is already in over it’s head with the over saturation of the market. I only hope it does expand so that it will collapse under it’s own bloated weight.