Las Vegas Raiders valuation jumped to $7.7 billion from $5.7 billion in two years, a 35.1% gain that outpaces most NFL franchises and reflects Allegiant Stadium's maturation as a revenue engine. Per Matchex data, the Raiders rank in the top half of league valuations despite a 3-13 record, underscoring how real estate and market expansion override on-field performance in NFL valuation models. The franchise monetizes premium seat inventory, sports betting partnerships, and convention-center adjacency that Las Vegas provides—none of which existed when the Raiders played in Oakland.