NEW YORK (TheStreet) -- In 2011, 230,000 ravers descended on Las Vegas for the Electric Daisy Carnival. In 2012, 320,000 people came to Vegas for the electronic dance music festival. In 2013, the number jumped to 400,000 and is poised to go even higher as tickets for the pricey festival continue to be hot on the secondary ticket market.
Electric Daisy Carnival has become one of the most defining concert festivals of not just the U.S. rave and electronic dance music scene, but the entire American concert landscape. While there is no shortage of entertainment options in Las Vegas, Electric Daisy Carnival is a destination event that attracts electronic dance music fans from around the world.
Must Read: Warren Buffett's Top 10 Dividend Stocks
Tickets for this year's concert, to take place in June, will start at a face value of $329 for a 3-day general admission ticket, and $699 for a three-day VIP pass. Electric Daisy Carnival tickets are in high demand, as secondary market ticket prices for each of the past two years have checked in significantly above face value for a completely sold out festival.
In 2013, Electric Daisy Carnival tickets sold for an average of $477.58 on the secondary market, with the least expensive three-day pass selling for $225. Last year, while average ticket prices actually declined 3% from 2013 to $463.27, the least expensive three-day passes available sold for $400. This get-in price reflects a premium of roughly 78% over the year prior.