Springsteen In N.J. State Of Mind

When Bruce Springsteen comes to Giants Stadium this week to begin a sold-out run of concerts, state officials could be among those dancing to the music.

That's because the Boss is good for New Jersey's bottom line.

Springsteen stands to collect millions per night from his ten-concert stand beginning Tuesday. But the taxes he'll pay on his hefty paycheck pad state coffers and the state also will reap millions in revenues from parking, concessions and T-shirt sales. The state budget even gets a kick — $2 million in sales taxes from $38 million in Springsteen ticket sales.

Springsteen pulls in most of the gross ticket sales revenues, which total $3.8 million a night based on 55,000-seat sellouts at an average ticket price of $70, The Sunday Record of Bergen County reported. He then pays the E Street Band, his agent, and other expenses, including ushers, parking attendants and stadium concession workers.

The New Jersey Sports and Exposition Authority gets all the money from parking, up to $300,000 per night for Springsteen's shows. It will pull in another $125,000 or so from concessions and about $60,000 from T-shirt sales, about 10 percent of the night's T-shirt sales take.

Springsteen's appearance helps ensure that the sports authority will remain in the black, and that it won't require a state subsidy for the second consecutive year.