MANILA, Philippines – It’s official: The super fight between Floyd Mayweather Jr. and Manny Pacquiao is the richest and most viewed boxing match in history.
The fight held last May 2 generated 4.4 million pay-per-view buys and over $500 million in revenue, shattering the previous record to become the highest-grossing PPV event of all time.
Organizers said the fight’s total income could even go over $500 million once revenues from other sources such as from the live gate at the MGM Grand Garden Arena in Las Vegas, international television distribution, sponsorships, closed circuit and merchandise sales come in.
The news was announced jointly by Showtime Networks Inc., a subsidiary of CBS Corporation, and HBO in conjunction with event promoters Mayweather Promotions and Top Rank, Inc.
The welterweight world championship unification bout nearly doubled the previous record of 2.48 million buys generated by the Oscar De La Hoya- Mayweather fight in 2007 and almost tripled the record $150 million in US PPV revenue made by the Mayweather-Canelo Alvarez bout in 2013.
Live gate receipts for the star-studded event at the MGM Grand Garden Arena produced more than $71 million in revenue, dramatically eclipsing the previous live gate record of $20 million (for Mayweather vs Canelo) for both the sport of boxing and Las Vegas.
Additionally, the Mayweather-Pacquiao tussle set the record for closed circuit admissions and revenue both in Las Vegas and at establishments nationwide. The event sold nearly 46,000 closed circuit admissions at MGM Resorts International properties in Las Vegas alone and was available at more than 5,000 bars, restaurants and commercial establishments throughout the US.
Distributed in 175 countries worldwide, the fight was available in essentially 75 percent of the world’s territories, setting the revenue record for international distribution.
Organizers added that the bout drew enormous numbers on social media. For instance, social networking website Facebook reported that 37 million unique people contributed more than 115 million interactions from the start of the event to 30 minutes following its completion, a new record for a boxing event.