The recent World Cup brought significant economic benefits to North Texas, according to a report by Bank of America. As the official bank of the 2026 FIFA World Cup, Bank of America analyzed the impact of the tournament on local spending in host cities.

Local Economic Boost

The report found that card spending in host cities rose around 5% year-over-year, with Dallas showing a 3% boost and Kansas City experiencing a 7% increase. Restaurants and bars were among the primary beneficiaries, with fans in host cities outspending those in non-host cities.

While the World Cup had a modest effect on overall U.S. consumer spending and gross domestic product, the report attributed this to the large size of the nation and a likely reallocation of spending from non-host to host cities.

Community Impact

Bank of America was involved in establishing a soccer park in Fort Worth, which will provide a lasting asset to the community. The Visa Street Soccer Park, located at Hillside Park, was created through a partnership between the city of Fort Worth, Visa, Street Soccer USA, and Bank of America.

According to Mike Pavell, Fort Worth market president for Bank of America, the soccer park will serve as a catalyst for community activities and provide a place for people to come together and enjoy the sport.

Original reporting: Fort Worth Report — read the source article.