March is right around the corner, the National Championship game is in two months and college basketball fans are looking ahead to making their trip to the Final Four. This year’s Final Four is located at Lucas Oil Stadium in Indianapolis. This is the seventh Final Four hosted by Indianapolis and the second at Lucas Oil Stadium (2010). The location is great for the NCAA as they moved their headquarters to Indianapolis from Kansas City in the late 90’s.
The Final Four is a bucket-list topper for college basketball enthusiasts and consists of several days of events with the final three days focused around the semifinal and national championship game. Fans looking to secure their tickets to this year’s event will pay a premium price, as most tickets haven’t even been released to the public yet. An all-session ticket strip, which includes both semifinal games and national championship, currently has an average price of $2,245.67on the secondary ticket market with a get-in price of $367. That price point is almost $1,000 higher than last year’s Final Four all-session strip, which had an average price of $1,290.11 on the secondary ticket market, while the get-in price was just $284. Last year’s Final Four at AT&T Stadium in Dallas consisted of Connecticut, Kentucky, Florida and Wisconsin.
It’s not completely surprising to see a trend in higher ticket prices this year. In 2011 and 2012, ticket prices were pretty steady, going for $856.14 and $822.53, on average respectively. However, ticket prices for the Final Four ticket strip skyrocketed in 2013, rising to $1884.83 on average on the secondary ticket market.
Despite the fluctuations in average ticket price, the get-in prices for the Final Fours has been fairly consistent. In 2011, the get-in price was $213, dropping to $200 in 2012 and $147 in 2013, rising back up to $284 in 2014 and this year’s is the highest yet at $367.
While ticket prices are pretty high right now, the prices could change based on which teams get No. 1/2 seeds in the tournament and eventually, which teams make the Final Four. The high-price of $1884.83 in 2013 could be attributed to three traditionally passionate fan bases making the Final Four (Syracuse, Michigan and Louisville) combined with the underdog of Wichita State making the trip to Atlanta, a city that loves basketball. As March Madness draws near, check back with TicketIQ to stay updated on ticket trends for the NCAA tournament.