Pursuits
'Hamilton' Scalpers Pocket $240,000 Every Week
- Brokers make $240,000 a week reselling seats: professor
- Demand is so high, tickets are sold out through January 2017
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The Broadway hit “Hamilton” is making millions. It could be making millions more if not for scalpers snapping up seats and hawking them for $2,000 a piece or more.
At least $30,000 from every show goes to ticket resellers instead of the musical’s investors, producers and cast, according to Matt Rousu, an economics professor at Susquehanna University. With eight shows a week, that comes out to $240,000 every seven days, or almost $12.5 million a year filling the pockets of brokers, he said.