October 23, 2006 Sean Burns
by Bruce Mohl
Boston Globe Staff Reports:
Many states are doing away with their antiscalping laws, prodded by powerful teams and corporations eager to get a piece of the multibillion-dollar ticket resale market.
Florida, Louisiana, and South Carolina have scrapped or relaxed many of their antiscalping regulations this year. Illinois did it last year. So did New York, which amended its resale law to allow markups of 45 percent above face value.
“The trend is clearly toward loosening the restrictions,” said Gary Adler , a Washington, D.C., lawyer who has been advising the National Association of Ticket Brokers since 1994. “Probably fewer than 10 states have concrete absolute restrictions on ticket reselling now.”
What’s driving the shift is money. The size of the resale market is growing fast, particularly on the Internet, with industry estimates of annual sales starting at $4 billion and ranging as high as $10 billion. StubHub, eBay, Craigslist, RazorGator, Ticket Liquidator, and a host of smaller agencies and websites are reselling millions of tickets. Even Major League Baseball is in the business with Tickets.com. (Full Story)