Why does Las Vegas have so many sports now?
You might’ve noticed that Las Vegas has a bunch of new sports teams and events: Woman’s basket; hockey; football; formula one; and baseball - on top of well established ones there of boxing, NASCAR, drag racing, and mixed martial arts. It may seem like the city is simply profiting from the sports industry overcoming their misapprehension about gambling a decade ago, but this speaks to a deeper historical change in the city’s economy. Since the corporatization of Nevada’s licensure, beginning in 1968, resorts have capitalized entertainment that used to be loss leaders. In turn, they emphasized it, overtaking gambling revenue around 1999. The city regularly reinvents itself, and the Great Recession only accelerated the change. Vegas is now the entertainment capital of the world. Sports are a form of entertainment, hence why…
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