Sports in the Los Angeles Basin: 2024 Economic Impact Study
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- Create Date November 18, 2024
- Last Updated August 6, 2025
The Los Angeles Sports Council, the region’s premier sports trade association, and the Los Angeles County Economic Development Corporation (LAEDC) released the fourth annual economic impact of sports report, cementing the region’s stature as a hub of sports activity and commerce.
The report details how both professional and collegiate sports in the Los Angeles Basin, which includes Los Angeles and Orange counties, contributed to robust economic growth in 2023. Combined, professional and collegiate sports were associated with approximately: 83,880 total jobs, $8.9 billion in total labor income, and $704.8 million in state and local taxes.
KEY FINDINGS INCLUDE:
* The increase in economic activity resulted from the sizable growth in the sports industry. Direct revenues grew by more than $816.2 million from 2022 to 2023, a 22% increase.
* Professional sports added more than 1,700 jobs, accounting for 84.6% of the total jobs and direct revenues in the industry, up from 83% the previous year.
* Attendance at professional sports events grew by an average of 4.3% across all major teams in the MLB, MLS, NBA, NFL, NHL, NWSL, and WNBA from 2022 to 2023, reflecting strong local support.
* Soccer continues to gain traction in the region, with LAFC, Galaxy, and Angel City FC attracting average crowds ranging from 19,750 to 24,100.