The Future of Sports Business With Stephen Cheung
Congratulations to the Los Angeles Dodgers on winning back-to-back World Series titles — an achievement that has electrified fans across the region.
Their championship run is just one piece of a much bigger story: Los Angeles is experiencing a powerful surge in sports-driven economic growth. According to new data from the Los Angeles County Economic Development Corporation (LAEDC) and the Los Angeles Sports Council, the L.A. sports market generated $12.1 billion in economic activity in 2024 — up from $11.7 billion the previous year and nearly double the impact measured in 2018.
In an interview with the Los Angeles Business Journal, LAEDC President and CEO Stephen Cheung credits this momentum to the remarkable performance of L.A.’s 12 professional teams and powerhouse collegiate programs at USC and UCLA. And the region is just getting started. With global spectacles like the 2026 FIFA World Cup, Super Bowl LXI, and the 2028 Olympic and Paralympic Games on the horizon, Los Angeles is gearing up for an unprecedented economic boom.
Read the full breakdown and Cheung’s insights in the original article here: https://labusinessjournal.com/featured/laedc-chief-talks-future-of-sports-business/
Photo Credit: David Sprague
