LOS ANGLES, C.A. — Taylor Swift’s six-night stint in Los Angeles has come to a close — and the effects are already clear.
At each city on its route, Swift’s Eras Tour has generated tens of millions of dollars in economic revenue in its wake, leading to an estimated $5 billion boost to the U.S. economy.
After six nights at Inglewood’s SoFi Stadium, where masses of fans gathered to watch Swift prance across an illuminated stage for more than three hours each night, the economic impact in L.A. alone amounts to more than 6% of that $5 billion.
According to a report by the California Center for Jobs and the Economy, the Eras Tour shows on Aug. 3–9 led to an estimated $320 million bump to Los Angeles County’s gross domestic product, with employment increasing by 3,300 jobs and local earnings by $160 million.
The report also estimated L.A. saw $20 million in state and local sales taxes and $9 million in transient occupancy taxes.
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