Universal’s New Epic Universe Theme Park Projected to Generate $2B For Florida First Year
On May 22, Universal Studios will welcome guests into its Epic Universe theme park for the first time, the first new major theme park to open in central Florida in over 25 years. Given the growing excitement and early ticket sales, it seems certain to be a hit for Universal, but it’s also going to be a big boost for the state of Florida. Epic Universe, the upcoming central Florida theme park, will generate $2 billion for the state in its first year, according to calculations from the director of UCF’s Institute for Economic Forecasting. The Universal Orlando attraction is the first major theme park opening in the area is over 25 years. It’s expected to have a trickle-down effect for all theme parks in the area. The park is expected to generate $2 billion for the state in its first year and create more than 17,500 jobs in year one, according to calculations by Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting. Snaith’s calculations, which were provided by Universal, estimate the Universal Orlando parks have generated an economic impact of $44 billion since 2019—and the company’s investment in building Epic Universe has had a nationwide economic impact of $11 billion so far.
Fortune