Report: Sports is very important to Arizona's economy - Phoenix Business Journal

It is common to hear the owners and executives of Arizona professional sports teams refer to themselves as “economic engines” but a new study backs what they have been preaching.

The report found that sports and sports-related tourism accounted for 11% of Arizona’s workforce and 6.4% of its total economic activity in 2022. What's more, the study by the Phoenix-based Common Sense Institute expects the industry to grow over the next several years. “Arizona’s moderate climate, excellent hospitality industry and major event spaces have made it a magnate tourism destination,” Katie Ratlief, executive director of the Common Sense Institute, said in a statement. “This growing sector is a massive contributor to our economy, and big events like this weekend’s Super Bowl will only continue the momentum.”was $719 million, with early estimates saying that the 2023 Super Bowl will have an economic impact of at least $600 million.In 2022, $13.

“Thanks to our operators and our dedicated employees, we’ve come out the other side stronger,” Kim Sabow, vice chair of the Arizona Sports and Tourism Authority Board, said in a statement. “This weekend is an opportunity to highlight the value and contributions of our industry to an international audience, and CSI’s report shows that this is an industry that has a massive ripple effect across all of Arizona.

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