The jury returned its verdict after four days of deliberation, according to a press release from the AG's office.
"Live Nation merged with Ticketmaster and monopolized the ticket industry, forcing venues into restrictive contracts and raising ticket prices—all while mocking Florida consumers," Uthmeier said.
Uthmeier said the outcome "will allow the free market to determine how much you pay for tickets, rather than a mega corporation that used the threat of financial ruin against venues to stifle competition." He called the verdict "a big win for Florida consumers."
According to the AG's office, the complaint accused Live Nation of violating antitrust laws by illegally dominating the live entertainment industry. Live Nation acquired Ticketmaster in 2010 and describes itself as the "largest live entertainment company in the world," the release said.
The complaint alleged that the company wielded power over concert promotion, artist management, venue operations, and ticketing services to block potential competitors, according to the release. The AG's office said those practices limited consumer choice and drove up ticket prices through hidden fees.
The jury found consumers were overcharged by an estimated $1.72 per ticket, an amount the company could be ordered to pay back, the release said. The AG's office said the company could face further penalties.