2023 Concert Market Rankings: No. 7 Miami
Summer Never Stops In America’s Tropical Metropolis
Reported Market Gross: $207,883,962
Reported Ticket Sales: 1,812,116
Average Ticket Price: $114.72
Ocean breezes and year-round summer, Miami – America’s tropical metropolis – provides the perfect setting to take in an outdoor live performance.
America’s ninth-largest metro and the South’s second-biggest, the winding Gold Coast, stretching from Homestead to Palm Beach, is a destination not just for snow-fleeing New Englanders but for millions from throughout the Americas seeking new opportunities.
The area’s population has more than doubled since 1980 and can be regularly counted on for double-digit growth every decade.
Because of the unique geography of the metropolitan area – from north to south, it’s one of the longest in the U.S, but it’s rarely more than 20 miles across from east to west — more than three quarters of the population lives within an hour’s drive of the market’s major buildings.
Like many markets, this year’s top show in Miami was Bad Bunny, whose two dates at Hard Rock Stadium in August brought in an eye-popping $21.9 million. And that’s after three April shows indoors at FTX Arena grossed nearly $12.4 million combined.
The Rolling Stones had the biggest theater play in the market, grossing more than $5.3 million on 6,725 tickets at Hard Rock Live in Hollywood, Florida, at an average price of nearly $800.
Other major plays in Miami included Daddy Yankee pulling down nearly $4.9 million for two shows at FTX Arena and Karol G’s two-show, $4.66 million gross there.
Jack Harlow topped the amphitheater rankings with a $338,000-grossing sell-out at Bayfront Park Amphitheater with City Girls and The Homies in support.
Changes are coming. The stunning collapse of FTX, which entered into a $135 million naming-rights deal in March 2021, means the market’s major arena will be looking for a new title sponsor. Miami-Dade County and the Miami Heat are seeking a new partner as soon as possible.