Date: August 2000
Creator: Rattner, Laura E.
Description: This study proposes a method for measuring the regional economic impact of a relatively new sport: stock car racing. Although research on the economic impact of most major league sports is abundant, little has been written on stock car racing. The purpose of this paper is to estimate, through a simulation, the regional economic impact of Texas Motor Speedway. The study finds that the Texas Motor Speedway boosted economic activity by $87,179,367 in 1998 from racetrack operations, and supported 5,300 jobs paying $22,293,135 in earnings. In addition, expenditures by speedway visitor from outside the region are estimated at $22,985,200, further increasing the total local economic activity by $49 million.
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