Broadway League Report: $21 Billion NYC Impact, 114,600 Jobs in 2024-25 Season
According to the Broadway League's annual report, Broadway generated $21 billion for New York City's economy during the 2024-2025 season. This season saw the debut of 44 new productions, costing a total of $418 million, which marks a 39% increase compared to 2018-19. Production and operating costs amounted to $1.9 billion, reflecting a 7% growth over the past six years. Tax revenues reached $979 million, facilitating 114,600 full-time equivalent positions. Non-resident spending approached $12 billion, up 22% since 2018-19. While international visitors comprised 19% of Broadway attendees, they accounted for 42% of total spending. Jason Laks, president of the League, highlighted the importance of addressing rising costs while ensuring Broadway remains accessible. The League, which represents theater owners and producers, sells the complete report.
Key facts
- Broadway contributed $21 billion to the New York City economy in the 2024-2025 season
- The season's 44 new shows cost $418 million to produce, up 39% from 2018-19's 39 shows
- Total direct expenditures hit $1.9 billion, a 7% increase since 2018-19
- Broadway generated $979 million in New York City taxes
- The industry supported 114,600 full-time equivalent jobs in the city
- Broadway Tourists spent nearly $12 billion on ancillary activity, a 22% rise since 2018-19
- International visitors were 19% of Broadway Tourists but 42% of money brought into the city
- Broadway League president Jason Laks cited rising production and operating costs as a significant challenge
Entities
Artists
- Jason Laks
Institutions
- The Broadway League
- Deadline
Locations
- New York City
- United States
- Manhattan