WrestleMania 41 is set to take Las Vegas by storm, with WWE planning an extensive production that will cost over $30 million. The Nevada Governor’s Office of Economic Development (GOED) recently approved tax credits of approximately $4.24 million to support the event, which can be used by WWE or sold to other companies with Nevada tax liabilities. An independent audit will confirm the credits before they are finalized.
Brendan Nugent, a senior tax manager at WWE’s parent company, TKO Group Holdings, highlighted that Nevada’s film tax credit program was a significant factor in selecting Las Vegas as the host city, a decision that is known to be highly competitive. The event is expected to broadcast on multiple platforms, including Peacock and the CW Network, and bring over $200 million in economic impact to the city.
The production will employ 450 local residents temporarily, with a payroll exceeding $2.6 million. Additionally, WWE plans to spend around $5.3 million on goods and services from Nevada vendors. The detailed budget includes costs for stagehands, set design, catering, pyrotechnics, and more. However, specific expenditures on building rent, additional building costs, and talent fees were redacted for confidentiality.
WWE’s events are scheduled to take place at T-Mobile Arena and Allegiant Stadium, along with a five-day fan experience at the Las Vegas Convention Center. This marks another major spectacle in the entertainment capital, leveraging both the vibrant local economy and the allure of Nevada’s tax incentives.