Wednesday, Dec. 4, 2013 | 8:29 p.m.
The 2013 Electric Daisy Carnival at Las Vegas Motor Speedway in June is estimated to have brought in more than $278 million to the Clark County economy, according to an economic impact report commissioned by festival producers Insomniac.
The study, released today by Beacon Economics LLC, marks a 34 percent increase from the estimated $207 million generated by the 2012 festival. Since relocating from Los Angeles to Las Vegas in 2011, the dance music festival is estimated to have injected more than $621 million into the local economy.
According to the report, the three-day festival produced an estimated $17.4 million in tax revenue for state and local government, with an overall economic output equivalent to 2,686 full-time jobs and a labor income increase of $113.8 million for employees in Clark County.
“Each year our goal with EDC Las Vegas is to improve the fan experience, and I’m so happy that, as we continue to improve and grow, Clark County continues to benefit, too,” Pasquale Rotella, founder and CEO of Insomniac, said in a news release. “The Insomniac family and our fans have truly embraced Las Vegas as our home during EDC Week in the city, and the idea that the fans get to have fun while also creating hundreds of millions of dollars for the local economy is truly a win-win situation. We’re already looking forward to returning in 2014.”
Data for the study were compiled using statistics and a survey of nearly 12,000 attendees provided by Insomniac.
The sold-out event drew approximately 345,000 attendees over the course of its three days in June, up from 320,000 the previous year, with thousands more attending Insomniac-sponsored EDC Week nightclub and dayclub events and the EDMbiz industry conference in the week surrounding Electric Daisy Carnival. Ninety-five percent of attendees traveled from outside the Las Vegas area, hailing from 50 states and 46 countries.
The festival generated an estimated $136.9 million in visitor spending — a 38 percent increase over 2012 — including $25 million on accommodations, $22.1 million on transportation, $45 million on dining, $19.6 million on gaming, $13.1 million on entertainment and $11.8 million on retail.
"Again in 2013, EDC continued to grow in attendance and its impact on Las Vegas," said Pat Christenson, president of Las Vegas Events. "The EDC experience has proven to be a huge success, and we look forward to working with Insomniac in 2014 and beyond."
Nearly 82 percent of fans surveyed indicated that they would return for next year’s event, which takes place from June 20-22 at LVMS. EDC Week also returns, from June 17-23, and also will include a new dance music awards show in collaboration with Dick Clark Productions. Tickets for the 18th Annual Electric Daisy Carnival are on sale and $249 for a three-day, general-admission pass and $499 for VIP.