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Ticket brokers are individuals or firms licensed by a state to resell event and entertainment tickets. This highly fragmented industry consists of roughly 800 to 1,000 U.S. entities, a high percentage of which serve a limited metropolitan or geographic clientele. According to EventTixx2000, a prominent ticket broker, no single firm controls more than 1 percent of the secondary ticket market. Most ticket brokers are small businesses averaging 10 to 15 employees, and reporting annual sales from $3 to $4 million.Continue Reading
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