Currently, tickets cannot be resold for more than $5 above face value, but a new bill aims to change that.
Through a new bill introduced in the Pennsylvania State Senate, students will be permitted to resell athletic tickets — such as Penn State football game tickets — through certain Web sites without cost regulation.
Under the current law, tickets cannot be resold through Web sites such as www.Ticketmaster.com, www.StubHub.com or www.eBay.com for more than 25 percent or $5 more than face value, whichever is greater….
The proposed bill is currently in the House after being approved by the Senate.
Greg Myford, associate athletic director for marketing and communications, said if passed, the bill would likely have an effect on football ticket sales.
Myford said that the practice of reselling is so widespread already that the new measure will not dramatically change how tickets are resold.
State Sen. Ted Erikson (R-Delaware and Chester counties) said that this bill will get rid of the federal regulation on ticket resale prices. (Full Story)