Belmont Stakes Tickets Down 35% On Resale Market Since The Preakness

(UPDATE 6/4/15) The post positions have been set for the 2015 Belmont Stakes. Kentucky Derby and Preakness Stakes winner American Pharoah will run from the No. 5 spot. Only eight horses will run in the Belmont, which should help the odds of a possible Triple Crown winner. Over the past three years, there have been no less than 11 horses running in the final Triple Crown race. However, Belmont Stakes ticket prices have been dropping on the secondary market. The current average price is $277.49.

Below are the post positions for the 2015 Belmont Stakes, along with the odds:

1 - Mubtaahij (10/1)

2 - Tale of Verve (15/1)

3 - Madefromlucky (12/1)

4 - Frammento (30/1)

5 - American Pharoah (3/5)

6 - Frosted (5/1)

7 - Keen Ice (20/1)

8 - Materialality (6/1)

[embedit cf="HTML1"]

---------------

(UPDATE 6/1/15) Prices continue to fall on the secondary market for the Belmont Stakes. Even with a potential Triple Crown winner in American Pharoah, Belmont Stakes tickets are are the lowest price of the past four years with a Triple Crown on the line. in 2012 prices dropped to $320.40 after I’ll Have Another withdrew just before the race. Tickets for the 2015 are already well below that price at an average of $307.48. That marks a 35% drop in average since the day of the Preakness Stakes. It will cost just $15 on the secondary market to get on the infield for the Belmont and be at the track to witness possible history being made for horse racing.

---------------

2015 Belmont Stakes Tickets Are Down 21.5% Since Prices Peaked Last Week

(UPDATE 5/26/15) There’s still hope for a Triple Crown winner at the 2015 Belmont Stakes, but ticket prices have been falling on the secondary market since the conclusion of the Preakness Stakes. Belmont Stakes tickets had a peak price of $486.16, but have fallen 21.5% since then. The current average is now $381.63, almost the exact same average as the 2014 race when California Chrome had a chance to win the Triple Crown. Many fans will still hope American Pharoah can do what so many others have failed to do before. For those just wanting to be at the track to potentially witness history, the get-in price is currently $19.

-------------------------

2015 Belmont Stakes Ticket Prices on Secondary Market Down 26% Since Conclusion of Preakness

(UPDATE 5/22/15) Triple Crown hopeful American Pharaoh will be on hand to race at the 2015 Belmont Stakes, but the thoroughbred’s monumental run hasn’t sparked a ticket price jump on the secondary market. In fact, average secondary price continues to tumble two weeks out, falling from its peak of $486.16 last Sunday to its current price of $359.53. That marks a 26% nosedive over the last five days.

Fans hoping to just get past the gates to watch Pharaoh’s shot at history will find the cheapest tickets available in the infield for $19. The considerable decline in price is largely due to the number of tickets surfacing on the secondary market this week, which in turn has reduced demand. More than 2,000 more tickets have become available since the conclusion of the Preakness Stakes, making quantity increase by nearly 40% since last Sunday.

The 2015 Belmont Stakes will run on June 6 and will be the 147th installment of the last leg of the Triple Crown.

.......................

What Could Be Expected For Belmont Stakes Tickets Following The Results Of The Preakness?

It’s either the biggest race of the year, or there’s little attention paid to it. Such is the range of interest for the Belmont Stakes, the third leg of horse racing’s Triple Crown. Fanfare for Belmont hinges greatly on the the result of the Preakness Stakes two weeks earlier. If the Kentucky Derby winner also wins the Preakness, demand for Belmont Stakes tickets will increase on the secondary market. If there is no prospective Triple Crown contender, prices will drop almost immediately.

Here are the trends for secondary market Belmont Stakes tickets on the day before and day after the Preakness, as well as the final average on the day of the Belmont.

Year

Derby Winner

Preakness Finish

Pre-Preakness Avg.

Post Preakness Avg.

Change

Final Avg.

Total Change

2012

I'll Have Another

1st

$293.82

$606.05

106.3%

$320.40

9%

2013

Orb

4th

$340.73

$302.28

-11.3%

$87.81

-74.2%

2014

California Chrome

1st

$275.31

$437.82

59%

$381.80

38.7%

2015

American Pharoah

---

$472.34

---

---

---

---

2013 is the year that stands out as Kentucky Derby winner Orb finished fourth at the Preakness. Belmont ticket prices dropped over 11% on the secondary market within the first day. By the time race day came, prices had dropped almost 75% from the pre-Preakness average.

The situation in 2-12 was unique given all indications heading into the Belmont were that I’ll Have Another would be racing for the Triple Crown. After the Preakness, Belmont tickets more than doubled on the secondary market. However, the horse was a late scratch for the race and ticket prices dropped heavily in the days leading up to the Belmont.

2014 saw the typical post-race boost after Derby winner California Chrome also won the Preakness. Tickets went up by 59% following the race, dropping slightly as race day neared. Even with the slight dip, Belmont tickets were up nearly 40% from before the Preakness. California Chrome, however, finished fourth.

For 2015, the average price for Belmont tickets is already quite high. Much of this is with anticipation that American Pharoah will be able defeat a very small field at the Preakness. Only eight horses will be in the starting gate at Pimlico Racetrack, the smallest field at the race since 2000. If American Pharoah does win, expect prices to jump in the upcoming days — which could make it the most expensive Belmont in the fast four years — but fall from the peak price as the June 6 race approaches.

Related Articles