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The street race in the South Australian capital returned to the Supercars schedule last December for the first time since 2020 this year after being axed by the former state government at the end of that year.
It was only revived thanks to a change in government, its return having been part of then-opposition leader Peter Malinauskas’s election pitch.
The Malinauskas government is now claiming a record economic benefit for the 2022 running of the event of $51.85 million.
That is well above the $38.61 million claimed for the 2020 Adelaide 500 and ahead of the previous record of $45 million in 2019.
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Other metrics logged by the government include a four-day attendance of 258,200 people, 425 jobs supported, 14,775 media items and a PR value of $162.8 million.
The event also drew 12,000 interstate visitors which covered an estimated 96,671 visitor nights.
“The Valo Adelaide 500 was a reso …