Chicago is abuzz with its first NFL draft set to begin Thursday night. For the first time in more than 50 years, the draft is being held outside of New York. Football analysts and hardcore fans will be glued to the draft for the next three nights.
But what are the effects of the draft on prices of tickets to the games?
Last year, ticket prices rose 2 percent the week after the draft, according to data from secondary ticket marketplace ScoreBig.com. As demand for tickets increased, so did the supply: 11 percent more tickets were up for sale, suggesting the draft served to excite fans or it simply was a reminder that football season was approaching.
ScoreBig.com collected data on ticket prices on May 7, 2014—the day before the three-day draft started—and on May 14.
The Houston Texans had the first pick last year, and scooped up much-anticipated linebacker Jadeveon Clowney in the first round. Clowney, a 6-foot, 6-inch linebacker from the University of South Carolina, did not make the most of the season and sat on the bench for 12 games with injuries.
Still, the Texans' ticket price nudged up just 3 percent in the days after the draft last year.
Coincidentally, one of the top-rated prospects this year is Leonard Williams, a 6-foot, 5-inch linebacker from the University of South Carolina.
The biggest winner in terms of ticket prices last year was the Cleveland Browns, whose average price jumped 46 percent after the draft. The Browns scooped up cornerback Justin Gilbert from Oklahoma State University and controversial quarterback Johnny Manziel from Texas A&M University in the first round.