Tickets have not gone on sale yet the the May 2nd Manny Pacquiao vs Floyd Matweather Jr. fight, but brokers are already gearing up to do big business. If you can’t secure a ticket through the box office you’ll have to spend the kind of money that only big time entertainers and athletes have at their disposal
Normal ticket prices will start at $1,000 and go as high as $5,000. Those will be gone in a matter of minutes once they’re made available, bringing in an estimated $40 million gate for the 16,800-seat MGM Grand Garden Arena, according to Forbes. Unlike most sporting events none will be comped to stars.
Celebrities like Jack Nicholson, 50 Cent, Will Smith and Leo DiCaprio are used to getting comped tickets when they attend a big fight, but Bob Arum who runs Top Rank, which is co-promoting Mayweather-Pacquiao, says not this time. “Nobody is going to get these tickets without paying for them,” Arum told ESPN 1100 in Las Vegas Monday. When he gets a celebrity call, Arum says he is routing them to the MGM which has the biggest block of tickets.
Ringside seats will be even harder to come by. “Because of the price of the tickets, MGM, for example, will only give ringside tickets to its customers who have a $250,000 line of credit,” said Arum. Gamblers are expected to use their $250K credit line that weekend and not sit on it either.
The secondary brokers will then take over. Seat Geek for instance, is already listing section F floor seats for an astounding $29,334.
Forbes reports that the MGM Grand Hotel sold out in two minutes after the fight was announced.
Pay-Per-View price information is not yet available. You can expect those to be the highest ever for a boxing match.