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Exactly. It's not like they are increasing capacity, only price gouging because they can.

I agree that the math doesn't make sense. If you assume 80,000 trips per game (40,000 to MetLife, and return trips) for 8 games, 48 million dollars would be a $75 subsidy per trip. Historically (I know the numbers post-Covid are off) the farebox recovery ratio for NJT is 40-50%. That means that doubling the $12.25 fare or even going to $30 should cover their costs. $100 per trip looks a lot like gouging to me.

The aren't increasing capacity, but they are increasing service levels before and after the game. To compound matters, it is not a one-seat ride from (NY) Penn Station to Metlife. You have to change trains at Secaucus Junction, which is on a different level on the station. So each trip requires two trains, two engineers, two sets of conductors. There is a cost associated with this, but it isn't as expensive as they make it sound.

To make matters worse the line is a un-electrified spur, so even if there was infrastructure to all for a direct connection from either Penn Station (NY or Newark) there are only a limited number of locomotives to handle the service. NJT's poor planning is on full display here. They would have been better off hosting the games somewhere else.