The National Football League’s Raiders, moving later this year from Oakland, California, to Las Vegas, have sold out their personal seat license sales for games at the forthcoming Allegiant Stadium.
Figures from the Las Vegas Stadium Authority, which is overseeing the stadium project, said the Raiders have increased their PSL sales budget to $478m, nearly double the original projection of $250m. Prices for the PSLs, a one-time fee granting exclusive rights to buy tickets to the Raiders, ranged from $500 to $75,000. The Raiders confirmed this week that the PSLs are now sold out.
Team officials said out-of-town buyers have purchased roughly 40 per cent of those licenses.
The PSLs are transferrable, but not refundable. The PSL revenue also goes a long way to funding the $1.9bn, 65,000-seat stadium. A wait list has now been established for Raiders PSLs.
The strong sales additionally helps further signify Las Vegas’ emerging strength as a pro sports market, and helps catapult Raiders team revenues that in Oakland were typically among the lowest in the NFL.