Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

$1.4 Billion In Sporting Event Tickets May Have Just Went “Poof!”

Courtesy of ZeroHedge View original post here.

The shock and fallout from the coronavirus has been no more noticeable in many American households than with the suspension of major sporting events. 

But the shock isn’t just on TV. The secondary market for ticket holders has also collapsed, with a total of $1.4 billion worth of tickets now “up in the air”, according to Bloomberg

The $1.4 billion number doesn’t even include the NHL or NBA playoffs (which would be taking place in upcoming months) and is indicative of a small sliver of money that could be lost as a result of the global coronavirus outbreak. 

The Los Angeles Lakers alone, for example, have $82.1 million in tickets tied to finishing the rest of the regular season. The Toronto Maple Leafs have $42.2 million.

Over the last week, almost all major sporting leagues have suspended events, led by the NBA who abruptly cancelled a Utah Jazz vs. Oklahoma Thunder game last week, before shortly announcing that the rest of the league would be suspended. The Utah’s Jazz’s Rudy Gobert tested positive for the novel coronavirus, it was revealed the next day.

Executives at the NHL and NBA have said they intend on completing the season, but there’s no timeline for doing so as of yet. 

TicketIQ said they would refund any ticket sold on their site for events that have been canceled. For games that have been “postponed”, the site says it is waiting to hear from the league. 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!