The mega-fight between two top stars in boxing, Floyd Mayweather Jr. and Manny Pacquiao on May 2, at the MGM Grand Garden Arena, in Las Vegas generates mind blowing revenue that crushes existing boxing revenue record.
As per report from ESPN’s Dan Rafael Mayweather-Pacquiao generated $72,198,500 from the sale of 16,219 tickets sold at the venue.
The Mayweather-Pacquiao fight blew away the old gate record set by Mayweather’s junior middleweight title unification victory against Canelo Alvarez in 2013. That fight, also at the MGM Grand Garden Arena, generated $20,003,150 from the sale of 16,146 tickets to break the record set by Mayweather’s 2007 junior middleweight title victory against Oscar De La Hoya, which generated $18,419,200 from the sale of 15,423 tickets to the MGM Grand.
Here’s the breakdown of the gate revenue according to the Rafael’s report:
Unsold/Complimentary tickets breakdown:
Highest-grossing Pay-Per-View of all time
Mayweather-Pacquiao is now also the highest-grossing pay-per-view of all time by generating more than 4.4 million U.S. buys and more than $400 million in domestic pay-per-view revenue alone, at a rate of $89 for normal cable $99 for HD per subscription.
With additional revenue from the live gate at MGM Grand in Las Vegas, international television distribution, sponsorships, closed circuit and merchandise sales, the event is expected to generate in excess of $500 million in gross worldwide receipts. The news was announced jointly by Showtime Networks Inc., a subsidiary of CBS Corporation, and HBO in conjunction with event promoters Mayweather Promotions and Top Rank, Inc.
What a number!!!
But the fight didn’t live up to expectation to most boxing fans, especially to casual fans.