How much do the Saints cost the State of Louisiana

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If anyone thinks that the Saints cost the State of Louisiana money then they have no idea how government works.

I guarantee whatever the state puts into the Saints by way of discounts and tax incentives are received back several times over from all the hotel tax, restaurant taxes, bars and shops that operate each weekend during a home game.

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*The overwhelming majority (97.7%) of visitors came to the metro area with the primary purpose of attending Super Bowl XLVII events. 70.2% of the responded reported having plans to attend the game.

*Super Bowl XLVII produced a total of $480 million in net economic impact for the New Orleans metro area economy. This total economic impact consists of $262.8 million of direct spending and $217.2 million of secondary spending. The net economic impact for Super Bowl takes into account the displaced economic benefits of potential convention and visitor spending that occur in the absence of a Super Bowl.

*Super Bowl XLVII was responsible for the creation and support of 5,672 full- and part-time jobs in the New Orleans area economy. These jobs created a total of $154.0 million in additional earnings for residents of the New Orleans area.

*Super Bowl XLVII generated nearly $21.0 million of state tax revenue, including sales, hotel, gambling, and income tax. These state tax collections included $13.1 million in direct state taxes paid from visitor spending within the local economy plus $7.9 million of indirect tax revenues resulting from the earnings attributable to organizational, media and visitor spending.

*In addition to state taxes, local governments in the greater New Orleans area received over $13.9 million in tax revenue attributable to the 2013 Super Bowl. This figure is comprised of $10.4 million in direct local taxes and another $3.5 million of indirect local tax revenues.

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After projecting 2014 NBA All-Star to generate $89.6 million, a recent study by the University of New Orleans’ Hospitality Research Center found that the economic impact proved to be $106.1 million. A total of $60.4 million came in direct spending, with another $45.7 million in secondary spending.

Visitors spent an average of $904 during their mid-February trip to New Orleans, according to UNO’s study. As a result of such a large influx of out-of-town attendees at the event, roughly $4.9 million in tax revenue was generated for the state of Louisiana, with $3.2 million in tax revenue going to governments in the New Orleans area.

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While the NBA would not say how much of an impact the All-Star Game has due to a policy of not disclosing financial information, looking at the entire event, accounting for hotels, restaurants, tourism transportation, and general spending, Charlotte is estimated to lose$100 million according to the Charlotte Regional Visitors Authority.

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