Las Vegas activities

Sports in Las Vegas the impact on our Economy
June 22, 2023

As a realtor in Las Vegas, I have seen the city grow and change over the years. The addition of major sports teams like the Vegas Golden Knights and the arrival of Formula 1 racing have been exciting developments for the city. And now, with the Oakland A’s considering relocating to Las Vegas, the city’s sports scene may be about to get even more interesting.

Let’s start with Formula 1. The arrival of the annual race at the Las Vegas Motor Speedway has been a major boost for the city’s tourism industry. The race attracts fans from all over the world, and the economic impact of the event is significant. As a realtor, I have seen firsthand how the race has helped to drive demand for homes and vacation rentals in the surrounding areas. And with plans to build a new permanent circuit in Las Vegas, it’s clear that Formula 1 is here to stay.

The Vegas Golden Knights, meanwhile, have been a huge success story for the city. The team’s inaugural season in 2017-18 was nothing short of miraculous, as they made it all the way to the Stanley Cup Finals. The team’s success has energized the city and brought a new level of excitement to the sports scene. As a realtor, I have seen how the team has helped to boost demand for homes in the surrounding neighborhoods, as fans look to be close to the action.

And now, with the Oakland A’s considering a move to Las Vegas, the city’s sports scene may be about to get even more interesting. The A’s have been exploring relocation options due to their current stadium situation, and Las Vegas has emerged as a leading contender. If the team does move to Las Vegas, it would be a major boost for the city’s economy and sports scene. As a realtor, I can say with confidence that demand for homes in the surrounding neighborhoods would likely increase significantly.

Overall, the arrival of Formula 1 racing and the success of the Vegas Golden Knights have helped to put Las Vegas on the map as a major sports destination. And with the possibility of the Oakland A’s relocating to the city, it’s clear that the sports scene in Las Vegas is only going to get better. As a realtor, I am excited to see how these developments will continue to impact the local real estate market.