For the top brass in the Las Vegas and Los Angeles EDM club scenes, dance music is proving a heck of a payday.
The hospitality trade journal Nightclub & Bar released its annual list of the 100 highest-grossing nightclubs in America, and EDM-heavy clubs in Las Vegas dominate the upper reaches.
Tied for first are a pair of venues that pioneered and cemented the superstar-DJ club concept as a major moneymaker. Wynn Resorts' XS and Marquee in the Cosmopolitan are tied for first place, each with estimated revenues of $80 million to $90 million in 2012. Each club features a constant roster of major EDM talent such as Kaskade, Avicii, Skrillex and Afrojack in one-offs and recurring residencies.
In the L.A. area, SBE's Greystone Manor clocks in at No. 11 with an estimated $25 million to $35 million in revenues. The newish venue has proved to be a major win for SBE by following a similar mega-DJ booking philosophy -- and, surprisingly, its latest acquisition, Vanguard, checked in at 80th despite spending much of 2012 in a major revamp.