Enterprising scalpers may be encouraged to buy up large proportions of available tickets … The Land of Lincoln allows for the resale of tickets but it places a number of regulations on those who are allowed to do so. About 27 states have laws on resale of tickets. In case, the official website for the event sells out, such websites cater to the demand of the interested buyers. Required fields are marked *. If the venue of the event seats more than 6,000 people, ticket resellers can charge 45 percent more than the face value of the ticket, while tickets for venues with smaller capacities can be 20 percent higher than the ticket. PhD Scholar in the Department of Economics, Macquarie University, Senior Lecturer in the Department of Economics, Macquarie University. These resellers must also guarantee refunds, along with a number of other provisions. There is no state law regarding ticket scalping. This incentivises event promoters to sell out venues as people’s demand for tickets depends, to some extent, on the demands of others. Ticket resale websites provide a forum for transactions, but do not regulate the resale prices of tickets. But opting out of some of these cookies may have an effect on your browsing experience. However, the Sunshine State allows for websites that receive authorization from the original seller, offer refunds and discloses its position as not the original seller to resell tickets without any limits in regard to price. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Ticket resale is prohibited in Connecticut. Kay, Houston. The popularity of such events and craze among the people to get a chance to be a part of such events is the reason why resale of tickets has become a thriving business. Moreover, tickets for certain events sell like hotcakes. Home Money Business Is Scalping Tickets Illegal? If not, fans may have to deal with a scalper, and while typically these transactions occur quickly and safely, most buyers are unaware that they may be dancing in the gray area of the law. Those who resell tickets in the Empire State must be licensed by the area in which they are reselling them in addition to posting a bond. Ticket scalping. According to a report from Connecticut’s Office of Legislative (OLR) research, there are 27 states that have laws regarding ticket reselling. So if you wish to become a ticket scalper, you must find out about the state laws or local laws. Are there any laws to regulate this practice? For instance, there are laws that state the requirement of a special license to resell tickets. Is it illegal? According to the California Penal Code, it is illegal to resell tickets on the premises of a venue without permission. Our site includes quite a bit of content, so if you're having an issue finding what you're looking for, go on ahead and use that search feature there! However, the high cost of administering such tight controls make them viable to only the most profitable of events. The most common one is a fake ticket, often for seats that don’t exist. But there is an argument that ticket scalping actually enhances the total welfare of concert goers and sports fans. Copyright © Opinion Front & Buzzle.com, Inc. In areas where ticket scalping is illegal, it is usually defined as selling tickets to an event at the venue itself, on the day of the event. Read more: Coming soon to a cinema near you? But as previously noted, there is a reluctance to increase prices, and so some artists and groups have begun a series of blunt measures designed to tackle the problem. Ticket scalping, also known as ticket resales, is the practice of buying tickets for such events and reselling them at a greater price. 6789 Quail Hill Pkwy, Suite 211 Irvine CA 92603. While Swift’s stated goal of “getting tickets into the hands of fans…NOT scalpers or bots” is admirable, this has been viewed by many as nothing more than an opportunistic cash grab from her most loyal fans. Along with the state laws, there are certain laws that curtail resale of tickets. A. The bills would also repeal Michigan’s rarely enforced 88-year-old ban on scalping, which currently makes it a misdemeanor for individuals to resell tickets above face value. If all the tickets have already been sold by the sponsoring organization or the venue, and you cannot afford to miss this event, you may have to resort to buying tickets from ticket scalpers. Please stay us informed like this. We hope you enjoy this website. When it comes to the enforcement of the laws on ticket resale, the difficulty arises due to the popular demand for tickets to such events. As the name suggests, almost all tickets are sold for US$20 at supermarkets and venue box offices. Read more: Sign up to receive the latest and greatest articles from our site automatically each week (give or take)...right to your inbox. Soon we are going to display this table as an interactive map, so stay tuned. This fits with research that suggests people prefer to attend events in a packed-out venue, as opposed to a sparsely attended one. This may ensure the purchaser of the ticket and the attendee are the same person. Ticket holders will be required to attend a “check-in” before entering the venue. This increases the total supply of tickets on offer in a single city, reducing the premium that can be placed on a ticket in the secondary market. The laws around ticket scalping focus on the seller, so if you’re buying the tickets you don’t have to worry about being arrested. In North Dakota, South Dakota, Ohio and Virginia, the state municipalities deal with the law enforcement and regulation for resale of tickets. But scalping and secondary ticket markets are not without their downsides. As demonstrated by the likes of Taxi competitor Uber (and soon to be found in some Australian cinemas), “pricing bots” can adjust prices in real time based on demand or other consumer characteristics. Necessary cookies are absolutely essential for the website to function properly. If tickets to major events are consistently undervalued, to the point that there is an entire industry based on resale, why do promoters continue to price tickets so low? According to a report from Connecticut’s Office of Legislative (OLR) research, there are 27 states that have laws regarding ticket reselling. It is in reality a nice and useful piece of information. States such as Alabama, Georgia, Illinois, Massachusetts, New Jersey, New York and Pennsylvania have laws to regulate this practice. So they make an original investment by hiring these people who wait in lines and get hold of as many tickets as allowed. The price of tickets is not regulated. As long as tickets to major events are being systematically under-priced, scalpers have an incentive to bypass tighter controls and headlines bemoaning “inflated” prices will continue. We also use third-party cookies that help us analyze and understand how you use this website. If you have extra tickets to an event and are thinking of reselling them, do find out if reselling tickets is legal in your state. Registered ticket brokers and websites are allowed to sell tickets if they maintain an office in the state, pay an annual $100 fee, disclose their refund policy and maintain a $100,000 in-state cash account to meet the needs of any customer complaints. The state stays involved by keeping a check on their prices and refund policy. But scalping and secondary ticket markets are not without their downsides. Meanwhile Taylor Swift has announced that fans can “boost” their place in the virtual ticketing queue by participating in a range of Swift related activities such as watching music videos and purchasing her music.
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