WWE WrestleMania 42 site fee revealed
WWE is set to receive up to $6 million from the Las Vegas Convention and Visitors Authority for both this April’s two-night WrestleMania 42 and additional shows following a vote this upcoming week.
The news was first reported by LV SportsBiz on Thursday.
The group, which is the city’s public tourism agency, will have their monthly meeting this Wednesday where’s it’s expected they will approve the expense in addition to $1.25 million in F1 race tickets for contacts and customers for an upcoming race. As noted by LV SportsBiz, “board members typically do not ask questions on the LVCVA spending money.”
Revenue for the LVCVA comes from hotel room fees and is spent to promote the city’s hospitality industry on events like WrestleMania.
After New Orleans was set to host the event this April, TKO changed course and decided to keep WWE’s biggest show of the year at Allegiant Stadium for a second straight year. The LVCVA estimated 140,000 “incremental” hotel room stays were attributed to last year’s WrestleMania.
The $6 million will go toward WrestleMania, Raw, SmackDown, NXT Stand & Deliver, the Hall of Fame Ceremony, and WWE World. Last year’s week brought in both $5 million in site fees & $4.2 million in tax credits.
Tickets went on sale in September for the Saturday, April 18 and Sunday, April 19 two-night event.
Since 2011, Josh has been a contributing editor to Wrestling Observer/F4WOnline.com and also hosts the Punch-Out podcast. He has also written for Fight Magazine, Bloody Elbow, Bleacher Report, and other websites. He's a 2000 graduate of the University of Maine, worked in pro sports, and once was an indie ring announcer.