Home Business Prices for NFL tickets are topping pre-Covid ranges, secondary market vendor says

Prices for NFL tickets are topping pre-Covid ranges, secondary market vendor says

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Prices for NFL tickets are topping pre-Covid ranges, secondary market vendor says

Tom Brady (12) of the Buccaneers shakes palms with Patrick Mahomes (15) of the Chiefs after the common season recreation between the Kansas City Chiefs and the Tampa Bay Buccaneers on November 29, 2020 at Raymond James Stadium in Tampa, Florida.

Cliff Welch | Icon Sportswire | Getty Images

Tickets for the upcoming NFL season are promoting at a decrease common value on secondary market platform SeatGeek out of the gate than they have been a 12 months in the past, the corporate stated, however they’re nonetheless increased than pre-pandemic ranges.

Ticket costs averaged $307 instantly following the discharge of the NFL’s schedule Thursday. Fans have been significantly fascinated with marquee matchups, similar to star quarterback Patrick Mahomes of the Kansas City Chiefs taking over NFL legend Tom Brady of the Tampa Bay Buccaneers.

That value is down from a median of $411 out the gate final 12 months, but it surely’s increased than the typical of $305 in 2020, when video games have been restricted resulting from Covid. The common in 2019 was $258. Ticket costs normally fluctuate all through the NFL season as demand adjustments.

The excessive ticket costs are a sign that persons are nonetheless spending large on reside leisure and sports activities regardless of inflation being at a 40-year excessive. “I think people want high-end experiences, want to get out, and they’ve been pent-up for several years now,” Endeavor CEO Ari Emanuel stated Friday on CNBC’s “Squawk Box.” He added, “People want to get out; they want to have experiences. They want to live life a little bit.”

SeatGeek CEO Jack Groetzinger, in an interview with CNBC on Thursday, predicted the “next few years for live entertainment will be gangbuster years.” 

SeatGeek stated the Chiefs versus Bucs in Week 4 — that includes Mahomes and Brady — is the top-selling recreation to date. It is a rematch of Super Bowl LV in 2021, when the Buccaneers beat the Chiefs, 31-9. The costliest seat for the Oct. 2 recreation surpassed $3,000 coming into Friday. 

The legendary NFL quarterback appeared to retire this offseason earlier than asserting in April that he deliberate to return, in spite of everything. When he lastly decides to step away, Brady will transition to TV after he agreed to a take care of Fox Sports for greater than $300 million.

Tickets to see the Dallas Cowboys, Bills, Rams, and Cincinnati Bengals spherical out SeatGeek’s prime 5 promoting groups coming into the weekend.

Rival ticket firm Vivid Seats stated tickets for Russell Wilson’s return to Seattle on Sept. 12 noticed among the quickest demand out of the gate. Prices for this recreation averaged $451 per ticket. The Seahawks traded their longtime quarterback to the Broncos in March. And Wilson’s return may very well be essentially the most in-demand Seahawks ticket since 2019, Vivid Seats projected.

The NFL kicks off its 18-week schedule with the Buffalo Bills visiting the Super Bowl champion Los Angeles Rams on Sept. 8 at SoFi Stadium. The recreation will air on the NBC community, whose mother or father firm, NBCUniversal, additionally owns CNBC.

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