The road race within the South Australian capital returned to the Supercars schedule final December for the primary time since 2020 this yr after being axed by the previous state authorities on the finish of that yr.
It was solely revived due to a change in authorities, its return having been a part of then-opposition chief Peter Malinauskas’s election pitch.
The Malinauskas authorities is now claiming a report financial profit for the 2022 operating of the occasion of $51.85 million.
That’s effectively above the $38.61 million claimed for the 2020 Adelaide 500 and forward of the earlier report of $45 million in 2019.
Different metrics logged by the federal government embody a four-day attendance of 258,200 individuals, 425 jobs supported, 14,775 media gadgets and a PR worth of $162.8 million.
The occasion additionally drew 12,000 interstate guests which coated an estimated 96,671 customer nights.
“The Valo Adelaide 500 was a powerful success on-track and now we all know it was an unbelievable success off-track too,” stated Malinauskas.
“Our tourism and hospitality companies have achieved it arduous over the previous few years and these numbers reveal the return of an enormous occasion just like the Valo Adelaide 500 gave native companies a much-needed increase.
“Pubs and eating places had been packed, lodge rooms had been full and greater than $50 million was returned to the South Australian financial system.
“I’m extremely proud we had been in a position to ship on our promise to carry again the Valo Adelaide 500 and make it larger and higher than ever.”
Adelaide 500 chief govt Mark Warren stated: “I’m so happy with our crew who labored so arduous to carry again the Valo Adelaide 500 and ship a memorable occasion.
“We’re already working arduous to go one higher in 2023 and ship one other excellent occasion for South Australia, with international sensation Robbie Williams confirmed to headline the after-race live performance.
“The Valo Adelaide 500 showcases world-class motorsport, and we stay up for ushering in a brand new period in 2023 as we welcome Supercars Gen3 to the Adelaide road circuit.”
