Benefits of the big game are difficult to measure, especially in South Florida. Tourists would have flocked to Miami in February, even if there was no Super Bowl. While it’s true that hotels jack up their room rates for the big games, the profits they make flow back to their out-of-town owners and not to the economy in the Miami area, says Philip Porter, a professor of economics at the University of South Florida in Tampa.
“The studies [saying there are big benefits from the Super Bowl] are just guesses, not studies,” says Porter. “While there is a lot of money being spent there is no opportunity for the city to grab it.”
Local residents also may spend their money on Super Bowl tickets instead of on goods and services in the community. Other locals may leave the area to escape the crowds generated by the big game. When the Super Bowl was in Tampa, operators of strip clubs in the city dubbed the “lap dance capital” laid off local dancers and hired more famous out-of-towners to entertain the tourists, Porter says.

See the full article from “DailyFinance”



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