AMID the overwhelming controversy over bullfighting, the shocking economic impact of the sport is revealed.
Information released by the National Association of Bullfighting Organizers demonstrated that the bullfighting industry provided the government with €45 million in value added tax on only ticket sales.
This figure is 62.4% higher than the returns from the cinema, which only brought in €27.7 million in taxes.
Despite this difference, bullfighting receives no funding from the government, while the film industry will receive €74.54 million for the coming year.
The total revenue for bullfighting ticket sales, €139.9 million compared to the cinema’s €131.8 million, rose 8.17% from 2013 to 2014, suggesting that despite protests sweeping the nation, the government might not be ready to get rid of such a strong economic source.