No Triple Crown Winner Hurts Ticket Prices For Belmont Stakes
The 148th running of the Belmont Stakes is set for Saturday, June 11. But ticket prices for the Belmont Stakes, and nine graded stakes races June 11, have dropped considerably since the Preakness.
The median price of tickets sold through the secondary ticket market Stub Hub by May 20, the last day before the Preakness, was $69. The median selling price dropped to $25 as of June 6. Also, the median ticket price six days before American Pharoah’s run for glory in the ‘Test of a Champion’ at Belmont was higher at $58.
Spokesman Cameron Papp noted that StubHub sold a lot of affordable tickets for general grandstand admission at the last minute before the 2015 Belmont Stakes, contributing to a lower median selling price overall ($18). But high-end tickets are much cheaper this year. The most expensive ticket sold so far was $1,550, compared to nearly double the amount of $2,921 in 2015.
Still, a look at the official Belmont Stakes site shows ticket packages for the Champagne Room and Bronze Clubhouse are both sold out. Those tickets sold for a minimum of $1,199 and $959.
Belmont Park’s clubhouse, grandstand and hospitality areas seat 27,000, leaving 63,000 general admission tickets. The price of general admission tickets on race day was raised to $15 last year; the first increase since 2005.
In each of the last two years, the Belmont Stakes had a horse running for the Triple Crown. In 2014, California Chrome won racing’s first two legs at the Kentucky Derby and Preakness Stakes before faltering to a fourth-place finish in front of a Belmont Park crowd of over 102,000; the third highest in Belmont Stakes history. Those fans at the track wagered a record $7,811,386. Another $83 million was wagered by people watching a simulcast of the race.
But following the 2014 Belmont that left many race track fans and visitors frustrated and unhappy with long lines, inadequate supply of food and drinks, and transportation troubles, the New York Racing Association (NYRA) limited the 2015 Belmont day attendance to 90,000. Those visitors in attendance witnessed history, as American Pharoah gave racing fans a thrill when he won the Belmont Stakes and became the first Triple Crown winner in 37 years.