The NFL is estimating that Super Bowl 47 will bring a $434 million boost to the New Orleans economy. But is that number grossly exaggerated? Some analysts say the game won't be the economic boom the city is anticipating.
Economics professor Victor Matheson assessed the economic impact of Super Bowls from 1973 to 1997 and discovered that, at best, the Super Bowl contributes one-quarter of what the NFL promises cities that host the event.
Speaking on HuffPost Live Friday, Matheson said the data shows that Super Bowl host cities usually see a benefit somewhere between $30 and $90 million dollars.
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