The elimination of the United States and Mexico from the World Cup has led to a significant drop in ticket prices. According to TickPick, a secondary ticket marketplace, prices for Friday’s game between Spain and Belgium have plunged 65%.

Ticket Price Drop

Before the US loss on Monday, the cheapest ticket was around $3,200, but prices have now dropped to $1,100 for the afternoon game in Los Angeles. Similarly, Mexico’s loss on Sunday sent prices down 45%, with the cheapest tickets now at $2,000 for Saturday’s game in Miami.

Brett Goldberg, TickPick co-CEO, stated that quarterfinal tickets were priced with the expectation that both Mexico and the US would advance. The immediate and significant drop in demand for their respective quarterfinal matchups has led to the price decrease.

Impact on Local Businesses

The losses of the US and Mexico are also affecting local businesses, such as Tom’s Watch Bar, a sports bar with 18 locations in the US. Brooks Schaden, co-founder and co-CEO of the chain, forecasts a 50% decline in business on World Cup days without the two countries participating.

However, beer sales have seen an increase, with a 6.4% jump over the past four weeks, according to the Beer Institute. In host cities, beer sales have risen 14% compared to the same period last year.

Original reporting: KRDO (Colorado Springs metro) — read the source article.