NEW YORK (MainStreet) The NFL says the Super Bowl is sold out, but the secondary ticket market is seeing a glut of supply and prices are plummeting. The NFL ticket exchange currently shows some 3375 tickets currently being offered from a low of $1,620 to a high of $25,572 each the price you could pay to be on the 50-yard line, on the Denver Broncos sideline, row 9. Last week, secondary market ticket source SeatGeek listed a suite on the Commissioner's level of MetLife stadium for just over $1 million.
But since then, prices have been sacked sinking some 40% from their peak. SeatGeek analyst Connor Gregoire told the Allentown Morning Call that the average price for a Super Bowl ticket had been $3,439, but over the past seven days has fallen to $2,056, the biggest price drop on record for the week after the conference championships.
Fans waiting until the last minute could be bagging a Super Bowl bargain.
The economic impact of the Big Game is being disputed, as well. While the NFL has claimed a financial benefit of $500 to $600 million for the New York/New Jersey area, at least one economist is taking issue with the prediction.
"Move the decimal point one place to the left," Robert Baade, a professor at Lake Forest College in Illinois, told the Associated Press. "I think $50 to $60 million would be a generous appraisal of what the Super Bowl generates."
But the consulting firm PwC US says Super Bowl XLVIII is expected to bring in a direct economic boost of more than $210 million. PwC says this accounts for area lodging, transportation, food and beverage, entertainment, business services and other hospitality and tourism activities related to game, but excludes the so-called "multiplier effect," which accounts for "indirect" impacts, such as vendors purchasing goods from local producers and manufacturers.