Electric Daisy Carnival Las Vegas Boosts Economy by $1.3 Billion: Report
Electric Daisy Carnival (EDC) Las Vegas has generated more than $1.3 billion for Clark County's economy over the past five years, according to the festival's 2015 Economic Impact Report.
The Insomniac-operated festival hosted its fifth Las Vegas edition in 2015 and attracted a sold-out crowd of 405,000 attendees, generating more than $350 million for the county alone.
Pasquale Rotella, founder and CEO of Insomniac, says he considers Las Vegas “a place I call home” and adds, "I’m so grateful that I can do what I love while making a positive impact in the community."
Since its Vegas inception in 2011, the dance music enterprise has produced over $80 million in total tax revenue and created 3,270 full-time jobs, in addition to boosting labor income for the area’s workforce by approximately $140 million.
"Each year EDC brings in hundreds of thousands of visitors to Las Vegas," says Clark County Commission Chairman Steve Sisolak, "including many who didn’t have a ticket to the festival, but wanted to experience the destination during EDC Week."
Clark County has seen $638 million in direct spending from EDC attendees over the past half-decade, more than 50 percent of which accounts for hotel accommodations, food and beverage.
The three-day dance festival returns to Sin City on June 17 at Las Vegas Motor Speedway and will be celebrating its “20 Years Under The Electric Sky.” For more information on EDC Las Vegas, please click here.