The Electric Daisy Carnival juggernaut continues to pay dividends for the Vegas area.
According to a report by Beacon Economics, which is commissioned by EDC producer Insomniac, the three-day festival at the Las Vegas Motor Speedway and its supplemental events on the Strip generated $337.8 million in Clark County. This eclipses the $278 million reported to have come in from the 2013 edition, and puts Clark County’s four-year EDC haul at $959 million.
Of that $338 million, $257 million stems from attendee expenses, including $30 million for accommodations, $54 million for food and beverage and—surprise—$23.5 million for gaming. Insomniac spent $81 million itself, though that figure doesn’t include DJ programming costs. Tax revenue for Nevada and local governments came in at $20 million.
Beacon’s estimates come from attendee surveys and Insomniac-originated data. Those figures come close to Billboard’s $322 million projection just a week after the June 20-22 fest.
Insomniac reported an EDC 2014 sellout at 400,000 attendees for the weekend and plans to release information regarding its 2015 edition on Tuesday.
