NEW YORK (TheStreet) -- The 2014 Super Bowl will take place at MetLife Stadium in New Jersey, home of the New York Jets and New York Giants. TheStreet's Brittany Umar discusses the financial impact to the region.
Ticket prices for February's Super Bowl are astronomical compared with 2013, up to $2,600, more than double last year's prices of $1,250 in New Orleans, Umar reported.
She added that many hotels are already sold out, and residents in the area have resorted to renting out their homes for big money.
One four-bedroom, New Jersey home is listed on Craigslist for an astounding $30,000, for a one-week rental.
Jon Tisch, co-chairman of the board for the 2014 Super Bowl host committee, said it's not just a one-and-done weekend for the area.
Not only will it create more jobs in the area, but more than 1 billion people will be watching the game worldwide, he said.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV