• Loading stock data...
Tuesday, July 15, 2025

Las Vegas’ Most Expensive Sports Venue: MSG Sphere

Renderings of the MSG Sphere, a new stadium in Las Vegas 
MSG Sphere

Madison Square Garden’s lavish Las Vegas project is getting even pricier than planned.

The construction price of the MSG Sphere entertainment venue has grown by $300 million in the four years since groundbreaking  — and has now hit $2.2 billion.

  • The 17,500-seat venue, slated to open in 2023, can host boxing, mixed martial arts,  and other fighting events, in addition to a wide range of immersive entertainment.
  • In May, MSG inked a deal with Formula 1 related to its Las Vegas race in November 2023. The track will pass through MSG Sphere’s 17-acre site, and the venue will erect temporary grandstands for the event.
  • The Sphere will be Las Vegas’ most expensive sports venue, surpassing the Raiders’ Allegiant Stadium, which cost $1.9 billion and opened in 2020.

The owner of the New York Knicks and Rangers, and Madison Square Garden is looking to make good on the investment through events and corporate deals, including those related to advertising on its 580,000 square-foot, outdoor LED screen.

New Neighbors

Las Vegas could add MLB and NBA teams in the coming years. The Oakland A’s have explored a move to Sin City, but even if they remain in Oakland, MLB will likely expand in the next decade.

Meanwhile, LeBron James has said he wants to own an NBA team in Las Vegas.
The city will host Super Bowl LVIII in February 2024.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The 153rd Open Championship at the Royal Portrush Golf Club in Northern Ireland

Open Championship Considers Ireland: Portrush ‘Will Open’ Gates

Royal Portrush Golf Club in Northern Ireland is hosting this week’s tournament.

Nationals Take HS Star Willits No. 1 in MLB Draft, Eye Potential..

Washington shocks observers by selecting a 17-year-old high schooler.

Chelsea Wins $110M in FIFA’s Revamped $1B Club World Cup

Chelsea defeated Paris Saint-Germain in Sunday’s final match.

Sinner Outduels Alcaraz for First Wimbledon Title and $4M Payday

The best two players in men’s tennis battled once again.

Featured Today

May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.
July 9, 2025

Browns $600M Stadium Deal Hit With Suit Over ‘Unclaimed’ Money

Ohio’s use of unclaimed funds for a new stadium is challenged legally.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
July 9, 2025

Oak View Founder Tim Leiweke Indicted for Alleged Rigged Arena Bid

The longtime sports executive leaves his day-to-day leadership role.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Chiefs Delay Stadium Decision As Kansas Dangles Dome Dreams

Kansas legislators extend bonds for potential Chiefs and Royals facilities.
Jul 3, 2022; London, United Kingdom; Jannik Sinner (ITA) returns a shot during his match against Carlos Alcaraz (ESP) on day seven at All England Lawn Tennis and Croquet Club.
July 7, 2025

Wimbledon’s Expansion Battle Looms Over Star-Studded Quarterfinals

The expansion’s loudest opposition is Save Wimbledon Park.
July 2, 2025

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.
July 1, 2025

$600M for Browns Stadium Sparks Cleveland Backlash, Possible Lawsuit

The awarding of public funds draws criticism and could bring a lawsuit.