What is the sports events ticket market?
The sports events ticket market refers to the buying and selling of tickets for various sports competitions, such as cricket matches, football games, and other athletic events. It involves online platforms, physical outlets, and resale markets where fans can purchase tickets.
How does the ticket market work in India?
In India, the sports events ticket market operates through official websites, authorized agents, and sometimes black markets. Major events like IPL cricket matches see high demand, leading to dynamic pricing and quick sell-outs. Online booking is common, with platforms like BookMyShow and Paytm offering easy access. 
What are the challenges in this market?
Challenges include ticket fraud, high prices due to scalping, and limited availability for popular events. To address this, organizers use secure payment systems and cap prices, but issues persist in unregulated segments.
Why is the sports events ticket market growing?
The growth is driven by increasing sports popularity, digitalization, and rising disposable incomes. Events like the Indian Premier League attract global audiences, boosting ticket sales and market expansion. |
