Super Bowl LVIII Tickets Are the Most Expensive They’ve Ever Been, and This Is Why
Football fans watched two amazing games on Sunday evening that decided which two NFL teams would be headed to Las Vegas, Nevada for Super Bowl LVIII. If you are planning on going to the game, double-check your bank account to see if you have enough spending money for these tickets.
This year’s Super Bowl tickets are the most expensive they’ve ever been. Let’s get into the reasons why.
How Expensive are This Year’s Super Bowl Tickets
According to TickPick, this year’s ticket prices for the Super Bowl match up between the Kansas City Chiefs and San Francisco 49ers is the most expensive Super Bowl ever.
The average price per ticket is hovering around $9,800, which is 70 percent more expensive than last year’s big game. Those prices are even higher than the infamous ticket prices to go to Taylor Swift’s The Eras Tour.
Are There Cheaper Tickets Available?
But that’s the average ticket price. If you are looking at the cheap seats at the Las Vegas Raider’s Allegiant Stadium, the current cheapest ticket is $8,188. This is 50 percent more expensive than the cheapest ticket of last year’s game, which cost $5,997.
Why are these prices so high? Is it inflation? Taylor Swift? The answer is simple: location.
Las Vegas Is a Big Money-Maker
Las Vegas is a “big factor for record-high demand,” Brett Goldberg, co-CEO of TickPick, told CNN. While the football game is only three hours, most fans will be flying out to enjoy a weekend in Vegas.
From resort fees to gambling, Vegas is a place to escape and, unfortunately, spend money on some of the best entertainment in the country.
Las Vegas Is Hosting the Super Bowl for the First Time
This is the first time the NFL is hosting the Super Bowl in Las Vegas. The large-scale event perfecting fits the over-the-top entertainment giant that is Vegas.
It is one of the few cities where all of the events, entertainment, and world-class culinary offerings are located on the same strip. Who needs to drive to the tailgate when you can easily walk from your hotel?
The Formula 1 Grand Prix Made the City A Lot of Money
Perhaps the NFL decided to host the Super Bowl in Las Vegas after watching the success of the Formula 1 race in November. While the exact direct revenue F1 made from the Las Vegas Grand Prix isn’t available, AS discovered that the economic impact for the city was $1.2 billion.
“Over the 12 months, Las Vegas has slowly begun to solidify itself as the sports capital of the US, and this might be its crowning moment,” Goldberg said.
The Tickets Might Get Cheaper
But don’t worry if you can’t afford the staggering ticket prices. TickPick expects ticket prices to decline as the game gets closer, with resellers looking to get rid of their seats for a lower price.
Goldberg notes that the “fatigue” for some Chiefs fans might make the ticket prices lower. However, fans might attend because of the Las Vegas appeal and to get the chance to see the Chiefs win at their rival’s stadium.
Goldberg Warns That the Ticket Prices Won’t Fall That Much
While ticket prices might fall, don’t expect them to fall much. Goldberg says that we could “potentially see prices fall” over the next two weeks before the big game, but prices didn’t decline for the 2020 Super Bowl matchup.
Funny enough, the 2020 Super Bowl game had the same teams playing against each other. Those ticket prices averaged $6,370, according to TickPick.
Ticket Prices Are High Thanks to “Funflation”
Super Bowl tickets have always been the hottest tickets in sports. But this year’s tickets are on a new level, which is a major reason that these tickets are not initially offered for sale to the public. Most of these tickets go to corporate partners and season ticket holders, according to Business Insider.
But the “funflation” that was taken over the U.S. can be another reason why these prices are surprisingly high.
People Are Willing to Spend More on Once-in-a-Lifetime Experiences
As the U.S. economy benefited from the U.S. spenders in 2023 despite the inflation and fears of recession. Most of the money spent by consumers was on “experiences” that required people to splurge on these once-in-a-lifetime events.
From traveling to movies and concerts (like Taylor Swift’s The Eras Tour or Beyonce’s Renaissance World Tour), people want fun and are willing to spend money on it.
Where Can You Find Cheaper Tickets?
If you are a die-hard 49ers or Chiefs fan and need to get your hands on a Super Bowl ticket, the best options might be to follow sites where prices will rise and fall. Many of these sites or apps offer notification services to help you find the best price.
This might be something you want to jump on as soon as possible before all of the tickets are gone. Just to remind you, there are only 13 days between now and the big game.
When Is the 2024 Super Bowl?
The biggest football game of 2024 will kick off on Sunday, February 11 at 3:30 p.m. PT/6:30 p.m. ET. Christian McCaffrey and the San Francisco 49ers face off against Patrick Mahomes and Kansas City at Allegiant Stadium in Las Vegas, Nevada.
Usher will be performing at the Pepsi Half-time Show while everyone, including Taylor Swift, cheers on their favorite team from the sidelines. Who do you think will win? Let us know in the comments!