Secondary Market Ticket Prices For Raiders’ First Preseason Game With Fans At Allegiant Stadium Saturday Are Soaring
By Alan Snel of LVSportsBiz.com
For many money-making investors who bought Raiders personal seat licenses and season ticket in hopes of flipping the tickets for profits, it looks like it won’t take long for them to cash in on their investments.
The Raiders’ first game with fans in palatial domed Allegiant Stadium is Saturday’s preseason game with the Seahawks and the the average purchase price on the secondary ticket market is $267.88 — 170 percent more expensive than the next highest Week 1 preseason ticket this year (Patriots-Washington = $99.45), according to TickPick, a secondary ticket marketplace that charges no fees.
Saturday’s game will be the first time that fans will be allowed in Allegiant Stadium after Raiders owner Mark Davis said last year that if all the personal seat license holders could not attend home games in Las Vegas, then none would. So, not a single fan was in the 65,000-seat building that was officially open in late July 2020. Southern Nevada contributed $750 million to the construction of the lavish NFL stadium, which is filled with luxury seating in suites and clubs.
LVSportsBiz.com spoke with a local Las Vegas personal seat license/season ticket holder for how he cashed in:
“When the tickets first loaded into our accounts a few months ago, there was such a frenzy and everyone was buying everything. I immediately recognized that there was a high demand early on and decided to list my tickets. As a result I was able to reach a really high resale value on them. Also during that same time, there were several folks that underpriced their tickets for things like the preseason Seahawks game. I was fortunate to be able to pickup several of those and flip them quickly for a small profit.
“Things have certainly changed in the market value of almost all the Raider games tickets since those first couple of weeks. A bottom end ticket price for the Seahawks game was $200 for quite a while, and now there are several for the $70-75 range. Low end for the Ravens home opener was $900 early on and since has adjusted to around the $500 range in recent weeks. Overall I have been able to bring in right about $10k on my pair of seats, along with several small flips of tickets that I’ve picked up along the way.
“With the proceeds I have more than covered my full PSL, my season ticket cost, and have been able to buy back about half the games in the lower level to still attend. And still have some left in my pocket. It’s really a matter of being able to stay plugged in each day, several times a day- and understand what’s going on with the market. Although exciting and fruitful, it’s not for the faint at heart. I’ve seen a lot of people overprice their tickets or hold them too long. And now they’re likely going to be attending those games for what they paid originally (which isn’t bad), or they’ll be reducing their prices drastically as we get closer to each game. “
Crowds of more than 60,000 filled Allegiant Stadium for a Garth Brooks concert July 10 and a Mexico vs USA Gold Cup soccer final Aug. 1. There were many complaints of traffic and parking issues for these events — the first time 100 percent capacity crowds packed the venue.
The Raiders will stage a 2:30 PM ribbon-cutting ceremony before the 6 PM preseason game Saturday.
TickPick also said the “get-in” price for Saturday’s Raiders-Seahawks matchup is $108
The Raiders’ first preseason game is currently more expensive than half of the upcoming regular season Week 1 NFL games.
Keep in mind, all fans are required to masks for Saturday’s Raiders game to comply with Clark County’s indoor mask mandate about the COVID-19 test positivity rate is more than 15 percent in the county/
