A recent study conducted by HR&A for the Ultimate Fighting Championship (UFC) league has found that mixed-martial arts (MMA) could bring $67 million a year to New York.
The UFC study looked at attendance levels in Ohio, California, New Jersey and Canada to make an estimate as to how many would attend events in New York. The report claims that half of the money coming to New York would be from people living out of state that would come to see the MMA fights, reports Capital New York.
New York is currently the only state in America that has a ban on UFC and MMA fights. Lawmakers banned the events in 1997 because they were too violent. If the ban is lifted, there could be as many as 70 professional MMA fights a year in the state, Capital New York notes.
“The sport of mixed martial arts has changed dramatically since New York made it illegal in the state 17 years ago,” said Ike Lawrence Epstein, Senior Executive Vice-President and Chief Operating Officer of UFC. “New York made the right call then and it’s time for state leaders to make the right call now and join the other 49 states where professional MMA is legal.”
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.