There'll be 120,000 people, beer or no beer. You can't bring beer into the Derby, and that doesn't stop 150,000 people from showing up every year.
As for the question, GA doesn't get you a seat, which I don't think is necessarily a bad thing. You can roam the track and look for a good spot in the morning, and $10 is way better than some of the absurd prices people are paying that won't get them a great view anyway.
Don't buy a GA ticket from anyone on the street. Walk up to the gate and buy one. I doubt they'll turn anyone away, but if they do, it'll probably be in the afternoon.
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