Vegas is #1 Destination for Live Music

Vegas On Pace To Break Last Year’s Ticket Sales Record

In 1991, Las Vegas sold 200,000 tickets to live music events. Then came the Grateful Dead, MGM Grand Garden, a swarm of theaters, festivals and T- Mobile Arena. In 2016,  Las Vegas sold over 3 million tickets to live music events. Pollstar magazine tracks sales of live music. Recently, it released mid-year ticket sales figures, reinforcing Vegas’ claim as the number one live music destination in the world.

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Rod Stewart-The Colosseum at Caesars Palace

2017 will be the first-year T-Mobile Arena reports a full year of concerts. They are off to a good start selling 161,096 tickets. MGM Grand Garden added another 84,899 and Thomas and Mack Center 35,760. That is over 300,000 tickets.

15001-venue-bb18-topline-billboard-1240.jpgLast year five of Las Vegas’s theaters we’re in the top 100 in the world. Then we added the Park Theater.  One of the reasons Las Vegas is so strong as a live music destination is the return of the residency. That trend shows no slowing down. The Axis at Planet Hollywood sold 305,545 tickets. The Colosseum at Caesars Palace sold 246,316 the Park Theater 119,176, the Smith Center hundred 111,072, and the Flamingo 38,970.

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Las Vegas had three venues in the top 100 of club venues.  Brooklyn Bowl sold 58,824 tickets, the Joint 33,622 tickets and Chelsea at the Cosmopolitan sold 12, 257. House of Blues did not report ticket sales.

The live music industry continues to grow, up 3.4% to a record 23.4 million and good news, the ticket price dropped 3.5%. According to Pollstar, “The industry took in more money and sold more tickets than ever before with a slightly lower ticket price”. Live Nation and AEG are again the top promoters in the world

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There are two categories Las Vegas  appear in. We do not have a major Amphitheater and Sam Boyd Stadium no longer competes for stadium tours. This will be the first U2 tour that has not played Las Vegas. 2020 and the new stadium cannot come soon enough. Met Life Stadium-New York, sold 157,583 tickets the first six months of 2017.

*Post note-the three tables are from Billboard Magazine. They show different perspectives on ticket grosses.

 

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