Will Las Vegas’ Big Bet On Sports Like The Super Bowl Pay Off?

Las Vegas’ evolution is ever apparent as it gears up for Super Bowl 58. What was once considered a sports pariah is now hosting the biggest U.S. sporting event of the year, and the event comes less than three months after the city held a Grand Prix Formula One race. That’s not all - Las Vegas now boasts two new entertainment facilities, the Sphere and Allegiant Stadium, adding new offerings like A-list performers.
The total number of visitors climbed to 40.8 million in 2023. Beyond all the fun and gambling, the region has also become popular with relocating businesses and homebuyers. However, there are some significant risks with being a desert city that could hinder Las Vegas’ growth as the planet warms. CNBC traveled to Vegas and met with locals and experts to learn more about Sin City’s explosive growth.
Chapters:
1:39 Chapter 1. Business boom
6:48 Chapter 2. Why Las Vegas?
9:49 Chapter 3. An investing hub
13:01 Chapter 4. Challenges
Produced and Shot by: Natalie Rice
Edited by: Evan Lee Miller
Narration by: Robert Ferris
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Camera by: Andrew Evers, Jacob Jimenez, Oscar Molina
Additional Footage: AP Photos, Getty, Las Vegas Super Bowl Committee
Additional Sources: UNLV, Southern Nevada Water Authority, BuildCentral
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Will Las Vegas’ Big Bet On Sports Like The Super Bowl Pay Off?

[@CNBC]

With the highest-rated programming, the priciest ad time and rights deals worth billions, the NFL is the most valuable content in media. And now its moves onto streaming platforms like Amazon Prime Video, KZbin and Peacock are having ripple effects across the media and tech landscape. Watch this video to learn how streaming is changing the business of the NFL: kzbin.info/www/bejne/hqvKaJSEZbiCjK8 Note: This video is only available for viewers in the U.S.

[@Chicago_jake]

“All our cooks are working 2 jobs, because they want to” Yea ok… we all know you pay them $10/hr and rent cost $2k/month. That’s the reason they’re working 2 jobs. Not because they enjoy working 80hrs a week.

[@Nadien725]

Right 🤣 who whats to work 2 jobs?

[@gabegonzales8618]

My thought exactly 🤣

[@sinisterintelligence3568]

Um...who wants to work two jobs?

[@noahdyedotcom]

Late stage capitalism propaganda statements... Gen Z calls their bluff. Wage slaverly must end now.

[@incurableromantic4006]

It has the same energy as - "People actually prefer not to own their homes"

[@Noelia-Nedds-You]

Someone should tell the restaurant owner his employees arent working 2 jobs because they want to but because they arent paid a living wage.

[@eliseexoxoxo8154]

stop hating on my dad

[@nombretaken9467]

@@eliseexoxoxo8154your dad is out of touch with reality

[@artholyoke]

How long do you think the workers would have a job if they paid a “living wage “ ? These restaurants are not making a fortune. I know 2 owners who work 100 hours a week with their wives just to keep the cooks and waitresses employed. I don’t think the children will do that

[@Law19157]

How much is a living wage? $60 an hour, $100 an hour?

[@josephherrera6656]

​@artdarnell and yet these restaurants are b!tching a lot because post-covid no one wants to work those low wage jobs anymore. Sorry but people have their own bills to pay. When you get in the restaurant business if the only way you can stay in business is to pay everyone minimum wage, then maybe you shouldn't own your own business.

[@Oceanatornowk]

This guy talking about how he used to not be able to see his daughter then saying that his employees have to have two jobs is as comical as it is rage inducing

[@cia5649]

american brains right there

[@Cyrus992]

Two main issues with Las Vegas: 1. Corruption/Management 2. Urban planning

[@TheBastarrrd]

Stop crying

[@Cyrus992]

@@TheBastarrrd stop doing nothing

[@loC2ol]

Moved here from Seattle. Here they actually have been planning. It seems like in Washington they’ll just build something without even thinking about it, and then it’s terrible or unusable. Here (Vegas) they actually build with a plan

[@Anomize23]

@@TheBastarrrd you cried first

[@Mendoza1414]

@@loC2ol you could of just moved to eastern or central Washington lmao, Seattle is trash

[@ganjacats]

Im a native, have lived here all 28 years of my life. All I’m going to say is that while everything looks good from the outside, this city is has passed its prime. This will forever be a great vacation destination, but I don’t think it’s wise to start a family here. Crime is getting worse each month, there’s not enough water, traffic is awful, and the summers are getting hotter. Worst of all, schools are not getting any funding. When economic hardship hits the country, Vegas gets its worst because it’s super reliant on tourism.

[@kitkatjp4724]

Thank you for nice perspectives

[@HLBB75]

Crime is getting worse every where in CA also,,,

[@Cyrus992]

Last year we didn’t hit 100 until July

[@xtreme242]

So they're essentially Phoenix metro thirty years ago

[@charlesbrown9082]

​@@xtreme242 I would never compare Las Vegas to Phoenix. Phoenix is still behind compared to all that Las Vegas has to offer.

[@floridasportsworld]

I lived in Las Vegas for 7 Years! From 2012 to 2019 and the high turnover rate, unemployment, job layoffs etc. hurt the locals. The locals can barley afford to go on the strip for leisure and fun. Clark county does not invest in the locals or the schools, its really sad. Off the strip life living in Las Vegas is really like a small town where everyone knows everyone. Tons of single moms who were ex cocktail waitresses, bottle girls or show performers. Tons of Gambling addicts, ex street walker lizard lot workers, drug addicts, alcoholics etc. you name it. Vegas is not for the weak its a tough city and I enjoyed living in Las Vegas. It has now embarked on a complete corporate takeover where it is not that affordable for the average citizen. I remember back in the 90s and early 2000's, Clubs were free, drinks were free, 2 for 1 buffets. Buffets for 10 bucks, drinks for 2 bucks. clubs were 20 bucks max. Vegas used to be super fun, but around 2015ish it really started to get corporate and bouge. Vegas will be for the rich elites soon. I remember when you could park for free in any parking garage and just explore the strip, it was super fun. Now you have to pay extra resort fees, pay for parking at the casinos when it was once free, but hey life changes and nothing ever stays the same. I get it, sports, gambling, rigging games etc. All about money over people. Profits over people.

[@Cyrus992]

Lots of good points. Customers are more naive

[@yogitam2372]

Well said. I was stationed at Nellis from 1992-1995. These were some great years to live in Vegas. Lots of affordable food. Free parking at every casino. I want back to visit a few years ago. Everything and I mean everything has gotten so expensive. Its no wonder this video said that cooks work two jobs.

[@Cyrus992]

@@yogitam2372 It was good until 2015

[@Anomize23]

Vegas is just another city now. Nothing special anymore.

[@iceking2519]

The small town where everyone knows everybody was right on

[@ATLOffroad]

I loved living in Summerlin from 2006-13. All the State Parks, National Parks, and public hiking trails within a 5 hour drive was a huge plus. The downsides of living there were the public schools, crime, and summer heat. From June to September going outside was unbearable. I do think Vegas has become too big for its infrastructure.

[@hitardo]

It is funny to hear some people advocate for low or no taxes at all, but afterwards state that the lack of Government support in some areas (water or energy supply, child care, school, transport, etc...) is limiting the growth capacity of the city. To be clear: I am not saying that high taxes equals high quality public services! It does not work this way. The main thing is: taxes have to increase as the city expands, and more services are demanded by that increase. Hence, with time, Las Vegas - and its cities - will have to increase taxes.

[@hitardo]

No, the Boring company's project is not an adequate transport service!

[@codelessunlimited7701]

The Allegiant Stadium sure one of the most essential government services that needed fundings.

[@hitardo]

@@codelessunlimited7701 very good point! In fact, Sports is something that I have always disagree in terms of Public investment. In fact, a State / Federal Government which states that building a train system is too expensive, than proceeds on spending our money on a Stadium is... Wrong.

[@AndreBeverly]

Now imagine if the city was smart enough to build a transit system to around the city to then have a Union Station that works with Brightline. Imagine a station right next to Allegiant Stadium and by Old Las Vegas.Renewable Energy is a must as solar power should be utilized.

[@Anomize23]

No man that’s too much smart thinking. They’re too busy trying to make money off of parking. 🙈🤡 if the clowns were actually smart, they would all get together and make the city more efficiently in actually setting some real impressions. The marketing department in Las Vegas is literally turned into the TV show “The office” and that is not a compliment

[@KanyeTheGayFish69]

I’m pretty sure it’s literally a few miles from Hoover dam

[@GotKimchi]

​​​​@@KanyeTheGayFish69the dam whose majority of energy production goes to other states? And the dam whose water levels keep getting lower and if nothing is done will have to stop producing said energy

[@AndreBeverly]

@KanyeTheGayFish69 Have you been to the Hoover Dam cause there is barely any water for it to run correctly so yes some solar power and wind turbines could help out the city.

[@twms1971]

They don't listen to us regular ppl when we give our two cents to better our livelihood.

[@pzdf8v]

I've been to LV multiple times but moved to Phoenix. Phoenix has everything Vegas has but with a more diverse economy. Phoenix still has a $10 table game on Saturday afternoon.

[@MrMarcodarko]

as someone in a very cold winter climate I would love to experiience Christmas in a desert without snow.

[@carlgemlich1657]

Phoenix has more people and more 110 degree days. Not sure that's a plus.

[@tonyantonio2]

I heard Arizona was getting expensive because of us (california), is it true?

[@pzdf8v]

@@tonyantonio2 , It's expensive but I can't blame it on CA. I don't know why.

[@pzdf8v]

@@MrMarcodarko, the first Christmas without snow and 60+ degrees was a weird feeling. People decorating palm trees instead of pines also took getting used to.

[@samboni702]

Vegas is a great place for large events. There are thousands of hotel rooms surrounding stadiums. The school system is still not good though.

[@LuciFeric137]

Shithole. Fify

[@sharkmun]

The health system ranks almost last in the US.

[@Cyrus992]

@@sharkmunThere was a law that got 20+ years ago that made doctors move out

[@sexygeek8996]

I don't have kids so I couldn't care less about the schools. The casinos need uneducated customers and employees anyway.

[@anthonymartinez4307]

The stadium has been operating for the past two years what difference did it make? Why would Super Bowl do anything different if the stadium capacity is the same? Las Vegas trying to over hype an event that happens every year. Their team isn’t even playing the game should have been in San Francisco. Worst they think people are going to over pay for for something you can see on tv? To all the suckers going it’s ok it’s your money. The only thing is that they over charge for everything lol but it’s not going to get the hole nation to fly over to Las Vegas especially with the economy killing people’s pockets. Las Vegas is about to find out what state of mind the country is in. Lol ~ football tickes were 250 dollars not sure why they think everyone is dying to pay 9,000 dollar tickets, when pigs fly.

[@D0OMZDAYZ]

“The thing that really attracts people here… is the closets” I burst out laughing 😂

[@safcjcp]

Someone should tell the restaurant owner his employees aren’t working 2 jobs because they want to but because they aren’t paid a living wage

[@boonedocksfl2012]

Not his fault. Owners job is to make money.

[@safcjcp]

@@boonedocksfl2012 it's not his fault he doesn't pay his staff a reasonable wage?

[@dabiri69]

Why are you assuming they’re not paid a living wage? Maybe they just want to make more?

[@sachacombs7400]

Las Vegas is not on the rise. Now I know why ppl say fake news, this is it. Las Vegas is all about resort fees, you have to pay to park at some malls, food is very expensive, good medical is hard to find and education is at its worse. Homes prices are astronomical and internet is horrible. Lots of homelessness. You have to live there to know. I spent 18 months there and just moved back to the east coast.

[@Anomize23]

As a Vegas local, they sure know how to overhyped it.🙄 we are no different than a major city now with them trying to come up with the sneaky fees now. People come here for a different experience but I guess originality is no longer a thing at all. We have now is just sports.🙈 no more neon lights every casino sign has a TV.

[@spastikman]

I'm so disappointed with Las Vegas' lack of foresight in terms of urban planning. The Strip is basically a straight line which millions of people spend hours walking, and traffic is an utter nightmare. I can't think of another city that would benefit so greatly from a rapid transit system. They should have built this a decade ago.

[@KanyeTheGayFish69]

People go to Vegas to walk the strip

[@devengudinas1649]

They have buses and some trams what more do you want

[@davyjones7177]

@@devengudinas1649Hmm? Good question. What could possibly work! Maybe a legitimate subway? Not just teslas in tunnels?

[@Davinoadam]

I moved to Vegas in ‘07 and still love living here.

[@vsznry]

idk it seems a bit dreary off the strip

[@enigmathegrayman2953]

It was much better prior to ‘07

[@balleringreen99]

Too many homeless now it’s turning into east California.

[@FinancialEducation]

I have been living in Las Vegas since 2015. These are the pros and cons IMO Pros are - Great for starting and building a business, low taxes and unlimited amount of great shows, restaurants etc. Another one is great family communities such as Henderson and Summerlin. Cons are - Real estate prices have gone up a lot and likely will continue to as we are starting to run out of land due to Mountain ranges surrounding the entire city. Traffic is getting worse each year it seems. Are things perfect in Vegas? No. Are they way better than most places. Absolutely.

[@borisstefanov2983]

Jeremy, why don't you give updates about small cap stocks anymore!? What happened to your $TTCF and $SDC investments? And $HNST, the "revolutionary" Jessica Alba diaper, toilet paper company!?

[@DaniMrtini]

Meh henderson is overrated. Lived there same time you lived 2015 until Aug of last year. Terrible schools, crime higher than you'd think (yes even in bougie henderson you'll get attempts of break ins to your house or neighbors and it smells

[@AndreBeverly]

Sounds like they want to price people out.But if they keep doing that then who will help run the casinos and make the city move.

[@WakanTakan]

"With a catastrophic water issue plaguing Nevada within the next ten years with constant radiation doubling every year due to urban island isolation" ... Yeah... That's gonna be a no for me.

[@beaniemac]

Totally agree. Their water shortage Is a major issue

[@MrMarcodarko]

water is over rated anyways lol

[@zero1fifty8]

They recycle sewage water there🤮

[@carlgemlich1657]

Lol. The water supply is managed. The 2m+ Vegas Area population gets by on a 3% Colorado river allocation and there is a well-developed recycling program in place. If the multi-state water pact gets amended, Vegas would get more. They won't let the water going through Hoover Dam get below a certain level, otherwise the Dam can't generate hydroelectric power.

[@dondrap513]

​@@zero1fifty8there's absolutely nothing wrong with that, and everywhere with any shortage should do it. Raw diarrhea can be filtered and cleaned to be absolutely safe to drink. The only obstacle is the "ew no way" reaction from nitwits.

[@aaronhernandez3497]

Born and raised here and I’ll probably never leave. It’s the place to be.

[@monanch791]

oh ya

[@cashflow68]

I bought VICI reit 2 years ago that has property in Las Vegas. So far so good. Pays a nice dividend too.

[@hellobot67]

Over a billion dollars on a ball yet no way to end homelessness there in that city and make it affordable?

[@user-tf4vt4oh6m]

Las Vegas need to build biosphere, indoor farming and underground water reservoir.

[@redmustangredmustang]

Have to hand it to Vegas, they reinvented themselves, and now they are prospering with more visitors and more people spending money over there, especially with the sports franchises.

[@Re-bl1li]

I have never been to the US and I dont know how it actually feels to be there... But I have to say, it is cool to see things develop so much in such a short time. Everything's got its pros and cons but I hope things work out well at the end!

[@Supt3100]

An excellent video. Really informative, with broad coverage of the issues facing the area. Thanks, CNBC!

[@americangiant1003]

Agreed Supt. Not to go off topic but while I don’t watch CNBC during Monday to Friday coverage of the NYSE coverage (usually at work)got to say this. These CNBC useful 5-10 minute news segments (on average) on KZbin is where I get detailed information that is usually not partisan on important current business and consumer news headlines affecting the USA 🇺🇸 and Internationally as well. Without the hyper partisan or sensationalism that the big 3 so called News Channels of CNN, MSNBC or Fox News has had since 2016.

[@portcybertryx222]

From an investment point of view Las Vegas is lucrative but for the people living there things aren’t as great. The city still has a lot to do in terms of public transit and ensuring resiliency for the future.

[@___beyondhorizon4664]

Im the weird tourist, i visited vegas mainly to join tours to Grand canyon, Bryce canyon, Zion, Red Rock canyon. Took a helicopter 🚁 ride to the West rim of Grand canyon 😊 I walked by, walked inside a casino, buffet, and continue to walk outside. Im not a gambler, no show for me. I checked out what other tours are available, the tour company even answe calls sfter midnight 😅 I wondered 🤔 why is it that navada shared lake Tahoe with California, they don't have a joint venture on new ways to channel the hydro energy

[@GiGi-gc2mm]

Laughed 😂 at "the mob was driven out"...ps they never left!

[@austinmejia3210]

What do they do now?

[@dawg2067]

@@austinmejia3210bus tables

[@zero1fifty8]

they morphed into big corporations

[@AlexGonzalez-ww9cw]

They own Vegas that’s what they do 😂😂

[@Cyrus992]

Wall Street deep state mob

[@user-fk9ek8zt9s]

Theres a of caribbean descent player in the superbowl for the 1st time.

[@TravelwithTravelarii]

Exploring the pros and cons of Las Vegas life! Insightful journey with Hebaj.

[@urbanstrencan]

Love this kind of video from you, explaining different topics like EVs, tech, companies, and more like it :)

[@sophiasavanna1329]

Vegas baby!

[@Geknight]

Overrated bs been 4 times

[@keiththoma2559]

The real key is getting a higher percentage of Metro Vegas economy away from tourism/leisure. Technology and business services can possibly fill some of that void due to proximity to California and its airport having direct flights all over the world. Also look at what Reno has done in attracting manufacturing and try to gain something similar near Vegas

[@ginnyboetel2891]

Whaaaa?

[@Cyrus992]

They need to breakup local government jurisdictions and reform urban planning

[@mavunkal]

Great documentary!

[@TKOB]

Let's gooo Las Vegas!!! 🤑

[@countalucard4226]

I moved there in 1976. Went to dealers school and after the 6 weeks training I got a Job downtown dealing craps. Me and a buddy got a beautiful 2 bedroom 2 bathroom apt for a little over $400 a month. Had a lot of fun for a few years and we both left and came back to NJ.

[@RealBron03]

as a person who is planning on moving to Vegas from the Midwest, i pay close attention to everything going on in Vegas daily

[@Anomize23]

If you’re planning on moving here, I suggest getting a good gig at a casino on the strip while summer isn’t here yet. Or even in the convention sector. There’s definitely more opportunity on the strip

[@RealBron03]

@@Anomize23 thanks for your input. I currently work for MGM so I'm hoping to just transfer

[@AnnaSzabo]

I’m going to Vegas for the first time next week

[@karimmiller5441]

Safe travels and have fun

[@doseofmotivation1671]

Have fun

[@TheBastarrrd]

Go big🔥

[@darthvader7010]

Get your drinks at cvs/walgreens much cheaper

[@monanch791]

@@TheBastarrrd ???

[@Slips85]

Many foods that are typically fresh living by the resource are coming in just as fresh to Las Vegas being a culinary capital with many demanding chefs requiring fresh.

[@raylopez99]

I would take everything said about sports creating jobs with a grain of salt. An economic analysis a while ago found that in most cities sports don't really create value except exactly at the stadium. There are few "spillover effects" and taxpayers often subsidize sports team owners for no good reason.

[@Davethreshold]

Question: So I get in my hotel room and pour a glass of water from the bathroom sink. Is that RECYCLED water?

[@samthesuspect]

18% growth is big not not crazy, I live just north of Tampa in Pasco County, our pop has grown by 45% since 2010, and is projected to double from today by 2032.

[@dDw47vip]

Las Vegas population almost doubled in the 90s.

[@iSucrose]

I can't fathom why someone would choose to reside in a desert. While it may seem habitable at the moment with access to running water, what happens if that water supply ceases to function?

[@keenynthewise]

If water supply ceases to function you move, pretty simple. Lol

[@thomaswade9180]

90% of water in lake mead goes to California for subsidized irrigation in the Central Valley. Vegas Nets zero water consumption and recycles it all. Humans barely need any water it’s the crops that do.

[@sexygeek8996]

Nevada has a reasonable cost of living and no state income tax. There are plenty of things to do in Las Vegas. Many people hate rain and snow. I agree that the water situation is a big risk.

[@anthonymartinez4307]

These people are blind to see why the lake is drying. They are operating more lithium mines than any state. They use up all the under ground water and worse turn the ground toxic. California gave them more water to hold but it’s only for 3, years and even then it’s drying up. All because lithium, and their population has grown. It’s not 2. Million remember they name everything a different name for example green valley ~ Henderson, north Vegas they are all the same city so they count only paradise as being a city which is the strip area. Regardless of how they recycle they waste more water that can’t be recycled. They pulled all the strings to twist and manipulate everything in order to steal the water, but nature does what it wants and the day of reckoning is coming.

[@Chicago_jake]

Mans hubris

[@TECHN0]

Vegas is becoming a sports hub

[@Anomize23]

@@dutch3533 Vegas is always known for entertainment. That’s nothing new.😂 is this what we have come down to like it’s something new?

[@truthiscensored]

Modern Las Vegas ain't your parents nor grandparent's Las Vegas. I went to school in Vegas in the 90's and it was mainly an adult city with nothing for to do for those under 21...And ironically it was cheaper when it was for adults only. $3 all you can eat buffets was fire Now Vegas is more family friendly and you even see children on the strip and in casinos (not gambling, of course). Long gone when UNLV and Boxing was the only game in town.

[@noskpain2792]

Kick the kids out Vegas

[@rasjahson6261]

🤣😂🤣😂 Tourism and Hospitality is the lowest paying jobs and most people aren’t going to do those jobs anymore and I don’t blame them. Customers are very rude to people who work in those industries and they get no respect.

[@Anomize23]

I don’t know what hospitality jobs you’re looking at but over $20 an hour to be an entry-level casino Porter is not really that low I’d say. I do that and valet pulling in well over a thousand on a busy holiday weekend. 😎 I enjoy working seeing everyone having a good time. No stress here💯

[@vladimirdoyle3934]

I think once brightline west is complete they will see a large rate of people applying.

[@monanch791]

???

[@KanashimiTenshi]

And the locals hated it. Lived here my entire life and it's impossible to afford living here.

[@TheDanielStrang]

Love this documentary about SPORTS

[@jeremydelagarza2597]

Ate at RPM last time now it’s on my list every time I go

[@karlpark8575]

I enjoyed my trip to Vegas in 2016. Also found the strip expensive and the hotel resort fee sucked. Took a trip to the Grand Canyon and the Hoover dam, loved it. Saw some shows. Found service lacking. I haven't been back and don't plan to in future. Crossed off the to do list.

[@lokesh303101]

Yes! Sports Economy is crucial for any City but when you have the Industry of overall growth is an Advantage. Las Vegas beyond hospitality and entertainment and tourism and leisure when went with the Real Industry of Manufacturing like that of Additive and Growth-Services do aid the Sporting Events and its Economy with Success.

[@brandonarant7893]

Born and raised in this desert & i tell you what there's no where else in the world like it. The picture perfect example of city with unlimited opportunities! that being said opportunity to do good & equally available is opportunity to do bad😏

[@MrHav1k]

It's funny hearing Vegas home prices spiking.... it was one of the biggest bubble markets in the GFC

[@Batmann29]

What is GFC

[@Cyrus992]

@@Batmann29Great financial crisis

[@Cyrus992]

They didn’t reform the system

[@anthonymartinez4307]

These people in Vegas try to fool you, they are a bust and boom, they make their money by stealing all the the dead people’s property. Instead of finding their families. Having said that these home are not worth buying. Just like they’re over inflated stadium tickets ~ I’ll watch the game at home ~ order a couple pizzas ~ go to bed and wake up with a bank account. All these people will be crying once they get home because all their money will be gone. It’s clear Las Vegas trips are of no value anymore everything is seriously overpriced and we the working man don’t get paid nowhere near the amount they charge even for a taxi ride let alone resort fees and room fees. I’ll watch from home 😎

[@brandon6335]

Just gonna say that Las Vegas was always relevant due to the year round availability of water for trains back in the day.

[@aandwdabest]

Vegas know they can’t rely on gambling forever (looking at you Macau), so they branched out to become an all out one stop destination of everything entertainment. Which is awesome if you ask me.

[@amoghverma3108]

From Sin city to Kin City 😂❤

[@nikogrujic6807]

😂 im from nyc i live in vegas for 24 yrs !! Inly visited the strip when i got here in 2000 😂 forget about the strip 😂😂

[@idontthinkso4692]

That professor talking about "no" water availability should be fired. There's water. Las Vegas has a credit. The intake in Lake Mead is lower than the dam. No one bothers to really look at the situation.

[@ted_shelton]

I actually feel a way they didn’t mention Usher’s residency

[@jeremy28135]

What a cute little daughter. Wish his restaurant the best ✌️

[@bobdaluga418]

I lived in Vegas from 1985 till 2000. I have not been back since I left in 2000.

[@backupdancer3720]

Time to put on my matching shirt and socks comho, don a custom suit, and watch the film 'Casino'...

[@monanch791]

😯

[@Hintonbro.]

The title isn’t exactly the subject of the piece

[@jamesroy791]

Ya it's probably great for the people who come to gamble on or party not for the actual local population

[@Spoz20]

EVO should have been mentioned. A yearly esports competition that recently was awarded a key to the city and a local holiday by the Las Vegas Mayor's Office deserves to be mentioned alongside the Superbowl and the F1 because the Mayor did so during his speech.

[@wunkle9523]

Nevada does not tax its businesses??? YES IT DOES!!! Nevada has the Modified Business Tax (tax on wages paid) and the Commerce Tax (gross receipts tax). Business licenses are also based on gross receipts rather than a flat fee.

[@NicksDynasty]

The should bet big on a car free strip with fast transit from the airport

[@Cyrus992]

Cars do well overnight. Underground loop?

[@NicksDynasty]

@@Cyrus992 Folks are walking around at all hours, most of the space should be for pedestrians. Underground metro

[@monanch791]

???

[@NicksDynasty]

@@monanch791 ?

[@KennethGreenCMP]

"Its sad the state education" but I also don't want to pay taxes like NY or California.

[@balleringreen99]

Everyone voted this woke corrupt school board in.

[@MikePhoTravelVlogs]

I miss Vegas 😢😢😢😢 #vegas

[@SupremeChalupaSnoke]

The Brightline high-speed rail project is said to be creating 10,000 jobs, so that’s a big boost. Also, the lithium mining boom for electric vehicle & battery needs is huge for Nevada as a whole. ‘the new oil’, and Nevada some of the largest fields of it on the planet. Nevada’s newfound status as the second presidential primary state on the Democrats’ calendar in 2028 should be an interesting wrinkle, too. (It’ll be South Carolina-Nevada instead of Iowa-New Hampshire). I find that a compelling draw, esp since that Brightline rail is targeting a 2028 completion - just in time for the Olympics in Los Angeles. There’s planned to be World Cup matches in Los Angeles or even in Las Vegas itself (if the shaky LA stadium plan fails) in 2026, too. Very interesting time to be in the state.

[@rickyrodriguez5744]

It’s a little man (Mahomes) versus pretty boy (Purdy)

[@xoPoncho]

Surprisingly, a lot of us fully remote tech folks are out here lol

[@andrelukin6364]

imagine traffic. in most tourist packed places they still do not limit car traffic. It's insane. No good public transportation. So you will be dependent on your car if you live there. Plus potential problems with water. No, thanks.

[@dukeofhoagies]

Vegas reminds me of that old saying "It's a nice place to visit, but I wouldn't want to live there..."

[@loC2ol]

Love Vegas baby! Glad I moved here! We are on the come up!!!

[@JhonatanMiranda-xe6gs]

I love visiting vegas

[@Korloko]

Cue Steve Carell: “There’s a f***in bubble” 😂

[@allans7281]

Of the 44 billion spent by tourists, 30 billion was on resort fees

[@aviefern]

I've been to Vegas, but I really don't get the appeal of living in the arid desert. I'd much rather live in a walkable city like NYC.

[@MrRicklynch57]

I usually like the CNBC specials, but this one was heavily financed by the Las Vegas Convention and Tourism Bureau. The statistics for the sporting venues are the same statistics that Steve Hill has been touting for years. It fails to mention that the Raiders still owe over a billion dollars back to the government and the revenue the Raiders and the Super Bowl generate are based on a 10 year projected tourism and convention boost the city will receive from having their city spotlight on a worldwide broadcast. As for F1 there was no mention that the event attracted fewer spectators than expected and they had to discount ticket prices, they also didn't mention tourism dropped the months leading up to the event while construction on the strip was going on and popular features like the Bellagio Fountains were not accessible. They also didn't mention the lawsuit from several businesses losing money from F1 or the lawsuit from teachers in regards to Nevada paying for a baseball park. These numbers are very skewed in favor of Steve Hill and his agenda and do not tell the reality.

[@mattnieschwitz4727]

It always blew my mind that it took as long as it did to get pro sports into Vegas. It's always been a hub for travel, especially business which means you'll nearly always have butts in seats and money generated.

[@ululukululu450]

Vegas is unlivable during summers. Water quality is really really bad. And wages/salaries are too low compared to other similar sized cities.

[@KingTriton1837]

Moving there next year from NE Ohio!!! I have family property in Henderson!

[@JC-dt7rn]

You gonna love it ! But all the kids must be done with their education if you gave them or be in college.

[@shawna4309]

OMG 🤯

[@KingTriton1837]

@@JC-dt7rn I have zero kids! Just me, three dogs and a parrot! Lol.

[@Lateralus1007]

Greetings from Mentor OH , my buddy from willoughby moved there a few years ago and he loves it I’ve only been once It was a good time tho

[@keithlangfordjr.689]

That's the move!! Moved from NE Ohio 7 years ago to California and haven't looked back 😎. Love being so close to Las Vegas as it's only an hour flight for me.

[@broadcastmyself77]

I LOVE VEGAS!

[@Agent77X]

Smashing success SBa 58!😊

[@dontbanmebrodontbanme5403]

A great place to visit, but I couldn't see myself buying a home there. It's in the desert. I get it that they're great with water conservation. But it's in the desert!

[@Avsfan23]

Why are people quitting food jobs? Geez I don't know, maybe cuz those jobs work you like a dog and pay you nothing for it.

[@hattorihongzo]

Nevada is the 6th fastest growing state economy - growing pains expected. I've invested in Vegas, so I see the rise in business & real estate as a good thing. Not overly concerned about crime and water yet. For Vegas, tourists still rule the revenue streams and they'll go elsewhere if they believe it's unsafe to visit. City officials know this. As for water, there's just too much money on the line. Vegas stakeholders got The Money and The Power - they'll find a workable solution.

[@Troy-McClure81]

😢I miss the mob days of Vegas , I'm a fourth generation local and crime was low homeless was kept mostly downtown and food and drinks were cheap if not free.Comps were plenty people were friendly and Vegas had a heart .Now its just another Corporate City full of crime graffiti and greed.

[@deltakid0]

Graffiti, damned Graffiti, it's the misery and ruin of modern society, that's not art that's evilness

[@BabsW]

No mention of professional boxing in Las Vegas?

[@riceman20]

I think the Raiders is a good fit for vegas. The A's move looks interestin. l I'm not really a MLB fan. I hope they get a NBA team.

[@jeanwong647]

LV will do just fine. They closed down half the city to host the F1 GP last year.

[@BensleyDRAKE]

Those F1 numbers are crazy!

[@UHaulShorts]

citay neva asked 4 it

[@zero1fifty8]

Inflation is at the highest it's ever been, credit card debt is at it's highest in history and yet Americans still have "disposable" income to spend. Something's not adding up here

[@Cyrus992]

Top 10%? Credit cards?

[@poochyenarulez]

you literally explained it yourself. Inflation is up, so, naturally, debt will be up. 10% higher inflation with 10% higher debt cancels each other out.

[@ClownWorldHONKHONK-yj5sn]

As long as credit is expanded, extended and increased no problems. Once credit stops it’s game over!

[@blongshanks77]

Inflation doesn’t have such a negative effect on people with higher than average incomes. It’s a well known fact that high inflation really only affects the poor and middle class. The other thing is high inflation leads to higher asset values, thus opening up more disposable income for those who own assets.

[@poochyenarulez]

@@blongshanks77 High inflation helps low income people with debt. The debt is worth less the higher inflation rises.

[@richiexp2]

I hope to be in Las Vegas this year for Thanksgiving day, God willing... it's also good to learn about the realities of vegas from the comments..

[@kylemathews9677]

The working class has been priced out of Vegas.

[@MH_6160]

"working poor"

[@monanch791]

@@MH_6160 ???

[@saksit247]

It's like the Dubai of America.

[@glanerao1356]

I’m excited for Superbowl 2024. 🇮🇳🤝🇺🇸

[@GeorgerGeorger-wh7zf]

The Vegas Mob runs the NFL