MVP Arena in Albany Sets new Record for net Operating Profits in 2022

MVP Arena in Albany ended 2022 with a record breaking net profit of $2,321,245, the most since the venue opened in 1990, then named the Knickerbocker Arena.

MVP Arena
Greta Van Fleet, photo by Csilla Kajtar for NYS Music.

Albany County officials announced the record breaking net profits for the venue last week, with the previous record being in 2000 with a profit of $2,188,761. In 2022, MVP Arena presented 106 events with an attendance of 434,277. Some of the top acts that came to the venue include John Mayer, Journey, Korn, Slipknot, Roger Waters, Cody Johnson, My Chemical Romance, Luke Combs, Greta Van Fleet, Judas Priest, and more. Family favorite events included Disney On Ice and the Harlem Globetrotters, and for the first time ever, AEW made their Albany debut to a crowd of professional wrestling fans.

The pandemic may have knocked us down, but MVP Arena has come back stronger than ever. The proof is in the numbers as we set a new record for net operating profits since Sinatra played the first show in 1990 and after welcoming some of the biggest names in music, comedy and more to Downtown Albany this year. Additionally, we’ve now invested $43 million into arena enhancements over the last four years alone with the NCAA March Madness and other great events scheduled for 2023. In the words of the great Frank Sinatra: ‘The best is yet to come.’

Albany County Executive Daniel P.McCoy

Once COVID-19 restrictions were lifted, those from Upstate New York, Western Vermont and Massachusetts attended the venue and enjoyed a slew of events. The annual economic impact derived within the capital region from those events at MVP Arena is estimated to be over $100 million. New technology to immerse fans further into the event going experience is helping the venue be so successful and helps the Albany area as a whole, according to ASM Global Executive Vice President Doug Thornton.

For the 2023 season, the MVP Arena will be hosting a wide variety of events. Coming this year are Bruce Springsteen and The E Street Band, Old Dominion, For King + Country, Zach Bryan, and Thomas Rhett with Cole Swindell. Other events include the NCAA Men’s DI Men’s Basketball 1st and 2nd Rounds, the NYSPHSAA Wrestling Championships, Jeff Dunham and Friends, Siena Saints men’s basketball, and the Albany FireWolves. For more information about the venue and to see the full schedule of events, visit here.

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