World Series Economic Win
Dbacks World Series 2023

World Series Loss Still Brings Economic Win

Game 5 of the World Series in Phoenix marked the end of a remarkable baseball season for the Diamondbacks. Their journey to the World Series, the first since 2001, and their return to the playoffs since 2017, were noteworthy achievements. The Diamondbacks made an impressive recovery from a summer slump, and they even managed to defeat some formidable opponents along the way. However, maybe the greatest victory was enjoyed by the Metro Phoenix economy, which thrived despite the team’s ultimate loss.

In the weeks leading up to this, bars and restaurants in Downtown Phoenix saw a boost in customers and, of course, in sales. To prepare and adjust for the large crowds, establishments usually stock up on staff, but hours were to remain the same after Governor Hobbs rejected Republicans’ request to extend hours for the event.

Chase Field is the fifth largest Major League Baseball stadium, having a capacity of over 48,000, but this isn’t the first time Downtown Phoenix has faced these large crowds, having hosted Super Bowl LVII earlier this year, bringing in over $1.3 billion, and the NBA Finals in 2021.

Christine Mackay, Community and Economic Development Director for the city of Phoenix, on Chase Field said, “the average attendance at a season game is just over 24,000, but they also hold things like the World Baseball Classic, they hold one of the bowl games on New Year’s week, there’s lots and lots of events that take place in Chase Field”.

Looking at the economic impact, Phoenix anticipates a revenue of over $10 million per game. Last year’s World Series brought in $78 million for Philadelphia and $68 million for Houston. As of 2022, Arizona’s sports and tourism sector accounted for 6.4% of the state’s economy, contributing $24.2 billion to Arizona’s Real Gross Domestic Product. Over the next decade, the sector expects an annual growth rate of 3%, which not only benefits sales and tourism, but also employment.

Sports and tourism employment in Arizona has made steady growth since 2009 in wages and in people employed until taking a dip in 2020 due to the pandemic. From 2009 to 2022, the amount of people hired increased by 42.7% and wages increased by 65.7%. For the yearly difference from 2021 to 2022, the hiring increase was 18.2% and the wage increase was 11%.

The World Series also increased sports betting, which became legal in Arizona in April 2021.

According to Caesars Sportsbook representatives, out of all the states, Arizona was the most involved in wagering in the first two World Series games. Caesars Sportsbook opened in June 2022 and is located right outside Chase Field and has partnered with the Diamondbacks, making it an attractive sports bar for events, food, sports betting, and drinks. Down the block from the stadium is Fan Duel, another sports betting establishment, which opened in September 2021.

In 2022, Arizona wagered $5.5 billion and as of August 2023, $3.2 billion. However, most of these bets are made using the apps. According to the Arizona Department of Gaming, $3.41 million worth of bets were placed in-person at retail locations, accounting for 0.9% of all bets, while $354.62 million were placed using various mobile apps.

These economic impacts will continue to benefit Phoenix as it continues to host major sporting events and gain exposure in this sector. As stated by Mackay, “Downtown Phoenix is a sporting tourism destination today and I would argue with our teams doing well and the remodel on the Suns building and other growth, that’s just going to continue to be enhanced.”

Share This Story...

Sponsor Members

Receive Metro Phoenix Business News in your email...
✔ Weekly Updates     ✔ Local Insights      ✔ No SPAM

Tag Cloud

Metro Phoenix Alliance Member Directory Map

The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
The Arizona Chamber of Commerce & Industry ( @azchamber ) announced the launch of the AZ AI Leadership Initiative. The objective of this coalition is to bring together industry experts, business leaders, and policymakers. They aim to strengthen Arizona’s role in next-generation technology, digital infrastructure, and workforce growth.

The initiative will advance smart tech policy. The goal is to strengthen the systems that power the digital economy. It will also keep Arizona’s regulations current as artificial intelligence and emerging technologies reshape industries statewide. #azchamber #silicondesert #commerce #metrophx #metrophoenix #innovation #digitaleconomy
GovCore Inc. has officially established its headquarters in Phoenix. The company provides software and compliance solutions for government licensing boards and regulatory agencies. The move marks a major step in the company’s continued expansion in the United States.

The new headquarters is located at 101 E. Washington Street in Downtown Phoenix. The office sits inside One Arizona Center. By choosing Phoenix, GovCore positions itself within one of the country’s fastest-growing technology and government services markets, while also gaining access to a strong talent pool and a rapidly expanding innovation ecosystem. #govcore #phxaz #metrophx #metrophoenix #dtphx #silicondesert #phoenixaz #compliance
The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
Metro Phoenix Alliance Member Directory Map