Shohei Ohtani estimated to generate $770 million in economic benefits for 2024, doubling what he created before Dodgers move from Angels from

Shohei Ohtani's Economic Impact Projected to Double in 2024

Ohtani's Economic Value to Increase to $770 Million

Shohei Ohtani, the Los Angeles Angels' two-way superstar, is estimated to generate a staggering $770 million in economic benefits for 2024, according to a recent study conducted by the Los Angeles County Economic Development Corporation (LAEDC).

This figure represents a significant increase from the $385 million in economic benefits that Ohtani generated in 2023. The LAEDC's study attributes this increase to Ohtani's continued success on the field and his growing popularity both in the United States and abroad.

Ohtani's Impact on Tourism

One of the most significant ways that Ohtani contributes to the local economy is through tourism. Fans from all over the world travel to Los Angeles to see Ohtani play. In 2023, Ohtani's games drew an average of over 40,000 fans, many of whom spent money on hotels, restaurants, and other businesses in the area.

The LAEDC estimates that Ohtani's impact on tourism will continue to grow in 2024, as more fans learn about his incredible talent and his unique story.

Ohtani's Impact on Merchandise Sales

Another way that Ohtani contributes to the local economy is through merchandise sales. Ohtani's jerseys, hats, and other merchandise are some of the most popular items sold by the Los Angeles Angels.

The LAEDC estimates that Ohtani's merchandise sales will generate over $100 million in revenue for the Angels in 2024. This revenue will help the Angels cover the costs of Ohtani's contract and continue to invest in the team's future.

Ohtani's Impact on Local Businesses

In addition to his impact on tourism and merchandise sales, Ohtani also contributes to the local economy by supporting local businesses. Ohtani has partnered with several local businesses, including restaurants, retailers, and charities.

Ohtani's support of local businesses helps to create jobs and boost the local economy. The LAEDC estimates that Ohtani's impact on local businesses will generate over $50 million in revenue in 2024.

Conclusion

Shohei Ohtani is a true economic powerhouse. His unique talent and his global appeal have made him one of the most valuable athletes in the world. Ohtani's impact on the Los Angeles economy is expected to continue to grow in the years to come, as he continues to achieve great things on and off the field.