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Mayweather Jr. vs. Pacquiao Set for May 2 in Las Vegas

The Floyd Mayweather Jr. and Manny Pacquiao championship bout scheduled for May 2 in Las Vegas could have a purse that hits the $3 million mark, with buys for pay-per-view expected double the previous record of 2.4 million.

The boxers are expected to share a purse of close to $300 million in a 60/40 split. The numbers just keep getting more mind-boggling.

The initial projection was the purse to be split would be around $150 money to Money Man Mayweather with $100 million going to PacMan Pacquiao. However Bob Arum the promoter for Pacquiao has revised that number upward and is now predicting a disbursement to the fighters of $300 million with Mayweather walking away with $180 million and Pacquiao taking home a cool $120 million under their agreed upon disbursement of 60% to Mayweather and 40% to Pacquiao.

The latest figures are based upon Arum’s strong expectation that this, considered already the richest fight of all time, won’t just break the record of pay-per-view in the U.S., but shatter it by likely doubling the old record.

Arum says they are looking to have PPV buys of between four and five million. The interest in the fight is amazing; even from those who never follow the sport of boxing and from people who do not even follow sports in general.

Regardless of where you go, people are always talking about the May 2 bout, said Arum.

The MGM Grand Arena where the bout will be held holds a capacity of 16,000. Arum has had to tell a number of top celebrities that this time there are no comps. The demand for the bout is so huge there is just one answer – everyone pays – no free rides for this bout.

Arum has only promised one free ticket and that is to Ronda Rousey the UFC star who was preparing to use her fight winnings for her career to buy a ticket as close to ringside as possible.

It is expected that the ticket prices will range from a low of $1,250 to a high of $6,000 at ringside. However, it is not likely any will be sold to the general public. The purchases will be restricted to those with a credit line of $250,000 or more at the group of casinos MGM has on the strip. The black market will be thriving for the bout with prices that will reach the tens of thousands of dollars.

Arum already said he has been offered $100,000 for a ringside ticket. He told the person who requested it that he would give him his seat for $200,000.

The double-up factor starts with the arena receiving $40 million at the box office, compared to the high mark previously of $20 million in the September 2013 bout between Mayweather and Saul Canelo Alvarez.

However, it is the PPV TV sales with Showtime and HBO the rival networks sharing the bout’s broadcast that will generate the majority of the revenue, while bookmakers in Vegas are expected to entertainment seven figure wagers.

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