Posted on 4/26/125 by Colin Vassallo
The Nevada Current reported yesterday that WWE received an
additional $4.2 million in tax credits on top of the $5
million they received from the Las Vegas Convention and
Visitors Authority for bringing WrestleMania to Sin City.
The $4.2 million sum was approved by the Nevada Film Office
and the Governor’s Office for Economic Development.
“The $4.2 million in transferable film tax credits
represents roughly 12% of the $33.7 million total production
budget WWE estimated for two nights of WrestleMania 41 at
Allegiant Stadium in Las Vegas and three nights of wrestling
events at nearby T-Mobile Arena,” the Nevada Current wrote.
“But $4.2 million is more than half of what the company
estimated it would spend on local labor and at local
businesses.”
In total, WWE paid $2.4 million for Nevada stagehands, $2.7
million for non-resident “below-the-line” labor, $17 million
for non-resident “above the line” talent (wrestlers,
executives, etc.), $5.3 million in Nevada expenditures, $8.6
million in non-Nevada expenditures, and $260,000 for Nevada
security workers.