WASHINGTON — Two of the world’s highest-grossing venues are in the D.C. region, according to a new report released Tuesday by Venues Today.
Verizon Center, in Northwest D.C., and the Patriot Center, in Fairfax, Virginia, each ranked in the top 20 for their respective categories.
The Verizon Center came in at No. 16 for venues with a capacity of 15,001 to 30,000 people, bringing in more than $20 million in ticket sales between Oct. 16, 2013, and May 15, 2014. About 223,241 people attended events during that time.
The Patriot Center ranked No. 11 for venues with a 5,001- to 10,000-person capacity. It generated $4.7 million in revenue and hosted more than 90,000 people.
Monumental Sports & Entertainment owns the Verizon Center and manages the Patriot Center. It also also owns the Washington Capitals, Wizards and Mystics.
“We’re excited with the mid-year rankings that just came out for top grossing venues and it showcasing the vibrancy of the D.C. community when it comes to entertainment,” says Monumental Sports spokeswoman Sheila Francis.
“At this point in time last year, we were in the top 25 worldwide and now we’re in the top 16. So with only part of our fall schedule confirmed, we are tracking ahead of the curve from last year.”
Ticket sales for big-name shows are soaring despite rising ticket costs. Taylor Swift raked in $150 million on her recent tour, making it the highest-grossing tour by a country artist. And the highly anticipated Jay Z and Beyonce “On the Run” tour is expected to gross $100 million for just 19 shows.
“The economy is on the upswing and that means more bands are on the road, which means more tours, which means more events for venues,” says Jessica Boudevin, managing editor of Venues Today.
“Venue vendors are feeling very positive about the state of the industry,” she says.
Francis says the top grossing events for Monument Sports included Justin Timberlake, Cher, two back-to-back sellouts from Katy Perry, two World Wrestling Entertainment events and three Monster Jam shows.
Check below for more rankings:
High-grossing venues with capacity of 15,001 to 30,000
1. The O2 Arena, London – $105,222,807
2. Barclays Center, Brooklyn, New York – $49,177,905
3. Allphones Arena, Sydney – $43,505,761
4. Madison Square Garden, New York – $38,544,365
5. Perth (Australia) Arena – $36,278,819
6. Sportpaleis, Antwerp, Belgium – $30,616,803
7. Rod Laver Arena, Melbourne, Australia – $30,381,754
8. Wells Fargo Center, Philadelphia – $29,052,585
9. O2 World Berlin – $27,791,045
10. American Airlines Center, Dallas – $27,405,888