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June 19, 2013

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Big fights prove lucrative for Nevada Athletic Commission

Image

Steve Marcus

Floyd Mayweather Jr., right, connects on WBA super welterweight champion Miguel Cotto of Puerto Rico during their title fight at the MGM Grand Garden Arena Saturday, May 5, 2012.

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The Nevada Athletic Commission, which regulates boxing, said Friday it collected a record $5.3 million in fees and taxes last fiscal year mostly due to high-profile fight cards.

The collections surpassed the previous $4.8 million record set in fiscal year 2007. The most recent fiscal year started July 1, 2011, and ended June 30.

Keith Kizer, executive director of the commission, said the increased revenue was largely due to two fights involving Floyd Mayweather and two featuring Manny Pacquiao. Some Ultimate Fighting Championship cards contributed to the record collection.

The money comes mainly from licensing of boxers and promoters, gate fees and television networks, said Kizer.

Discussion: 1 comments so far…

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  1. By vegaslee
    Aug. 3, 2012
    5:40 p.m.
    Flag

    Nice to see they are collecting more but what does the Nevada Athletic Commission do with all those fee's and taxes they collect?

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