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Scalpers would purchase tickets in bulk from the promoter hoping that the tickets would sell out causing an increase in demand for tickets and thus an increase in the ticket price. This caused event promoters to put restrictions on the number of tickets that can be purchased in one transaction, which has greatly reduced unfair ticket pricing.
"Selling concert and sports tickets online for profit is a great way to make extra money, work from home and be your own boss," Brittany Menard, author of "The Ticket Broker Guide," tells ...
The threshold was supposed to be dropped to $600 in 2021 after Congress passed changes to ensure taxes get paid on income from gig work and selling concert tickets or other things online.
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events.
Ticketmaster is a long-standing and trusted platform for buying and selling sports tickets. With over 30 years in the business, it offers a wide range of full-price original tickets, as well as ...
Corporate ticket reselling firm Ticketmaster developed a strong online presence, dominating the online market. But, by 2006 Ticketmaster's stranglehold on the industry loosened with the emergence of other online ticket brokering companies, such as StubHub who won Major League Baseball's ticket resale business over Ticketmaster. [1]
If you got paid for selling event tickets in 2024, then that income will have to be reported on your 2024 tax return next year, even if the sales took place in 2023.
The company operates similarly to online marketplaces such as eBay and StubHub. The site takes a commission fee from both the buyer and seller. [3] It originally required sellers to carry out transactions with physical tickets in person at a terminal located inside a sports bar in Las Vegas. This later changed to allow electronic transactions. [4]
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