Sunday, June 10, 2012

The Impact of the Triple Crown Scratch

Connor Simpson:
When it was announced Friday afternoon that I'll Have Another was pulling out of the Belmont, we knew the financial implications at the betting window would be huge. The New York Post is reporting that the ticket resale market has almost completely dried up since Friday afternoon. General admission tickets were going for as much as $80 dollars before I'll Have Another pulled out, but are now going for $9. One man who spoke to the Post said he had four tickets to the race he was going to sell for $2,400, but since the news broke that their would be no potential Triple Crown winner his phone's gone cold and he can't move the tickets.
I'm not too surprised by this.  I am surprised that somebody thought they could get $2400 for four tickets.

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