FIFA World Cup Adds $3.5 Billion to New York and New Jersey Economies

The FIFA World Cup 2026 is estimated to have generated a total economic impact of $3.5 billion across New York and New Jersey, according to New York Governor Kathy Hochul's press release. The study by Tourism Economics, an Oxford Economics company, revealed that the event contributed $1.9 billion in direct economic activity, $693 million in indirect business activity, and $916 million in induced economic activity.

Direct spending included $653 million in lodging, $346 million in food and beverage, $264 million in retail, $200 million in transportation, and $195 million in recreation and entertainment. The World Cup activity supported 27,424 full- and part-time jobs, generated $1.4 billion in total labor income, and spurred $414.2 million in state and local tax revenues.

Hochul emphasized the lasting impact of the World Cup on the state's economy, with increased spending at local businesses and restaurants, as well as higher hotel revenues.

Brief written by urgent.news from PYMNTS's own syndicated text. Machine-written — may contain errors; check the original before relying on it.