Raiders Season Ticketholders Selling Tickets On Secondary Market To Make Huge Profits
By Alan Snel of LVSportsBiz.com
Many Las Vegas Raiders season ticketholders are selling their tickets on the secondary market to make giant earnings on their ticket investments.
Many upper bowl seats are selling for $500 to $900 per seat for most of the Raiders home games at Allegiant Stadium on the secondary market, prices that are delivering whopping profits for season ticket holders.
The game tickets are valuable because fans were not able to attend games last season when the Raiders inaugurated the 65,000-seat domed stadium on the west of I-15 across from Mandalay Bay hotel-casino.
“Here’s the deal on our Raiders season tickets. Secondary pricing is absolutely nuts on tickets this year…not even gonna lie,!” wrote on season ticket holder on social media this week.
Tickets for Raiders home games against the visiting Bears and Chiefs are highly lucrative. On Vivid Seats, the cheapest Raiders vs Bears ticket for the Oct. 10 game was $529, while the least expensive ticket for Raiders vs Chiefs in Las Vegas Nov. 14 was $535.
Here’s a look at TicketIQ’s summary of the Raiders secondary market for the 2021 home schedule.
There’s more. Las Vegas has the most expensive cheapest ticket. Take a look:
And the Raiders have seven of the nine most expensive NFL games based on the cheapest ticket.
The stadium had no fans in 2020 because Raiders owner Mark Davis said if all fans could not attend Raiders games then none would. Even Davis himself didn’t go to Raiders games inside the new luxurious stadium that was built with $750 million in public dollars, the highest public subsidy for an NFL stadium.
Raiders games are expected to be big tourist events, with the anticipation being that visitors will account for at least 40-50 percent of the fans for home games. Summerlin-based Allegiant Air, which has the naming rights to the stadium, is marketing air travel deals and fares around the Raiders games.
Some fans have mentioned that they can recoup the costs of their entire home ticket cost by selling their tickets to one home game. Though, they did spend thousands of dollars on personal seat licenses that are required to be purchased before you even get the chance to buy season tickets. Those PSLs generated a record $500 million in revenue for the Raiders before the building was even finished in late July 2020.
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