/ June 2, 2007

N.Y. Ends Ticket Scalping Caps

Spamalot just got pricier. New York Governor Eliot Spitzer this month signed a measure that lifts markup caps on the resale of tickets. The previous law, restricting markups of the face value to 45 percent for tickets to large venues such as Yankee Stadium and Madison Square Garden, and 20 percent for facilities with fewer than 6,000 seats, was rarely enforced. Other regulations on selling tickets still apply, such as being a certain distance away from venues when hawking tickets.

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