Broadway has had a record-breaking year for attendance and box office earnings, thanks to the success of plays such as Julia Roberts' Three Days of Rain.
Hollywood stars such as Julia Roberts have Broadway appeal
Theatregoers on Broadway topped the 12 million mark for the first time, with a strong attendance by tourists.
Ticket sales increased 12 per cent to $861.6m (£462m) during the 2005-2006 season, according to the League of American Theatres and Producers.
But league president Jed Bernstein said Broadway remains high-risk.
"Although the strong business results continue to underline Broadway's revenue stakes in New York, increasing cost pressures have resulted in no increase in the number of shows making a profit," said Mr Bernstein.
The History Boys won critics' praise in London before its New York run
Lestat, the new musical from Sir Elton John, was among the year's casualties, closing after just 39 performances.
The £7m show was savaged by critics when it opened at the Palace Theatre on 25 April after a brief run in San Francisco.
Julia Roberts' play Three Day of Rain was also panned by the critics, but sold out weeks in advance thanks to the presence of the Oscar winner in the leading role.
Critical hits included the musical Jersey Boys, the story of singer Frankie Valli and the Four Seasons, and Alan Bennett's The History Boys, recently nominated for seven Tony awards.