The secondary market for event tickets

The Internet has become a major playing field for buyers and sellers of tickets for events in a highly competitive $ 10 - Event Ticket $ 12 billion market - particularly for sold-out sports games and very popular concerts and theatrical performances. Called the secondary market for event tickets, this is the part of the event ticket market, that the use does not include tickets bought by professional brokers, as well as extras that season ticket holders as possible.People estimate the size of the event ticket secondary market at about $ 2 billion, although estimates of its size vary greatly.

A huge market with tons of small players, the Internet event ticket market was before the perfect complement to the Internet around 1999, and as we Then, in 2006, hundreds of mother-and-pop showcase electronic-based sites Auction and destinations now sell secondary event tickets. Although many of these are from Small TimeOperators, some key players are also available. As expected, eBay members are in action and in a big way. In fact, the greatest player of all in the case of secondary market for tickets, members of eBay, to sell the group as more than 300 million dollars in tickets for events a year and offer by far the biggest community of buyers and sellers.

But members of eBay offer the greatest potential for fraud. Like everything else sold on eBay is full of stories of peopleThe tickets have ripped through the purchase of counterfeit event. Although buyers can check how others have rated a given seller, eBay has operated largely an honor and provides fertile ground for fraud.

Around this event ticket fraud problem, secondary sellers of event tickets are 100% guaranteed. If you receive a card wrong, they replace it for free. Other secondary event ticket sellers take control and possession of tickets for the eventthe list of event tickets as available for sale before.

Online ticket event grow as consumers become comfortable shopping on the internet web. One source estimates that online event ticket sales will grow 27 percent this year.

Even professional sports teams are involved in the secondary event ticket market. The demand for Chicago Cubs tickets is so high that the team of their own secondary event ticketMarket with a ticket broker-owned team.

Resale of tickets for the event, otherwise known as "scalping" is not against the law. Ticket sales for the event, but often against the law, where tickets are sold the event to an event near des

Thirty-eight states, including California, have no significant restrictions on the resale of event tickets. In twelve states, tickets for events is regulated resale. In about half of theseStates, ticket brokers, need to take stock of state registration. In the other six states, tickets can not be resold at a premium at most. In these states a broker to have a maximum of 20 per cent more than the ticket's face value of the event being.

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