TRENTON – A bill sponsored by Senator Raymond J. Lesniak that would bring consumer protections and transparency to ticket sales for events such as concerts, games, shows and exhibits and encourage a more open market in New Jersey’s ticket-selling industry was approved today by the Senate Commerce Committee.
“Fans and spectators from around New Jersey look to ticket retailers to provide them with entrance to their favorite concerts, comedy shows or sporting events. Unfortunately ticket retailers have adopted practices that close the market – making their companies virtual monopolies – and that deceptively lure consumers into thinking they have a fair shot at buying tickets at face value,” said Senator Lesniak, D-Union. “And as the secondary ticket market has grown to an estimated $3 billion a year industry, many within the ticket industry see the ticket resale business as an opportunity for huge revenue gains. It is important that we ensure that the market remains open, transparent and competitive for all interested parties from the corporate giants of the event ticketing industry to the individual with a single ticket to sell.”