We all know that the Floyd Mayweather and Manny Pacquiao fight has been tabbed as the biggest match in the history of boxing and the amount of money expected to pour into the MGM Grand fight night supports that.
Top Rank President Bob Arum expected the live gate (money earned at the venue on fight night) to be above $70 million dollars.
Arum said the gate at the MGM alone will be more than $72 million, obliterating the previous live gate record of $20 million in Nevada set by Mayweather’s 2013 fight with Canelo Alvarez.
Now that we are a few days away from he fight it seems as though Arum may have short changed what will be earned on Saturday. At Tuesday’s grand arrivals fans showed up in droves to support both fighters and the buzz will only grow as more people commute to Las Vegas for the weekend.
Bloomberg Business broke down the difference between May-Pac and the previous record holding fight:
Face-value prices were scaled to produce a gate of $72 million, 3 1/2 times more than the $20 million gate generated by Mayweather’s 2013 fight against Canelo Alvarez, the previous record for a boxing match.
Resale tickets for that fight sold for an average of $1,616, according to SeatGeek. Lower-level seats for Mayweather-Alvarez sold for 42 percent less than than the cheapest ticket sold on SeatGeek for Mayweather-Pacquiao ($4,650).
The final numbers are going to be astronomically greater than anything we’ve ever seen before.