The long-awaited fight between Manny Pacquiao and Floyd Mayweather—the fight of the century—could bring in over $400 million in total revenue, according to Pacquiao’s promoter Bob Arum.
The May 2 fight between these two boxing giants is set to break all boxing revenue records. Just alone with ticket sales, promoters expect the fight to make $74 million thanks to ticket prices starting at $1,500 and as high as $10,000. The current record for ticket sales is roughly $20 million, which came from the fight between Mayweather and Canelo Alvarez. That’s over three times less than expected for this MGM Grand welterweight bout.
"It's crazy, but it is what it is," Arum said. "It's amazing."
Most tickets will not even be for sale to the general public. Most tickets will be taken by sponsors, HBO and Showtime, promoters, fighters and others connected to the fight to distribute to costumers.
"We'll probably have a handful of tickets that will go on sale to the public next week," Arum said. "It's mania."
If you can’t get your hands on a $10,000 ticket don’t worry. You can still watch the fight on pay-per-view. The highest grossing fight on pay-per-view came from the 2007 Mayweather win over Oscar De La Hoya, but with the “fight of the century” taking over five years to happen, promoters expect at least 3 million pay-per-view buys. At about $100 dollars each, promoters are expecting the fight to bring in close to $300 million just from television sales in the U.S., Canada and Puerto Rico markets alone.
"We wouldn't have gotten a fraction of these numbers if we made the fight five years ago," Arum said. "It turned out that we're doing the fight at the right time, I guess, not that we're geniuses for waiting this long."
Tecate beer, the longtime sponsor of Pacquiao, won the title sponsor rights over Mayweather’s sponsors Corona with a bid of $5.6 million.
"We've never seen anything like that on a beer sponsor," Arum said. "Both companies were after it. It's a huge number.
"Between the gate, the foreign television sales and the closed circuit, which we can't even calculate yet, you're looking at over $120 million," he added. "And that's before one pay-per-view has been sold in the US.”
Just how much could this fight bring? Some even expect the fight to get close to the half-billion dollar mark.