Top 10 Richest Sports in the world
Sports Industry is one of the major contributor to the Global GDP numbers.
The profit of the sports industry is hundreds of billions of dollars, but it’s not clear which sport generates the most revenue. What is the value of the most valuable sports worldwide?
Because of its years of excitement and thrills, boxing has been a fascinating sport for many years. A professional boxer can expect to earn $50,000 an average. Amateur fighters make between $1,000 and $4,000 per fight.
It steadily increases to $5,000 to $10,000 per bout. Boxers also get additional incentives by winning fights, as well as endorsement and sponsorship deals.
It is still not clear what the sport’s total value will be. We can however guess at Floyd Mayweather’s net worth, which is $450 million according to sources. His earnings, in addition to his boxing career, are estimated to be $1.1billion.
9. Cricket: $6 Billion
This sport is played by around 15 countries that participate in international competitions. Despite its cash flow, cricket is still considered one of the most lucrative sports in the world. According to a recent estimate, the total value of cricket’s industry was $6 billion. A recent estimate suggests that the average income of professional cricketers could have risen to $60,000.
Last season, the Indian Premier League was one of the most successful cricket tournaments. It grossed $633.62 millions. Each franchise also earned an average $79.2 million.
8. Tennis: $6.06 Billion
This year, the Tennis Sports industry grew by 1.1% from the previous season to $6.06 billion. The average player earns $30,000 annually. There are many wealthy players in the industry. The French Open, the most famous tennis tournament, earned $2.6 million in 2018.
Two of the most wealthy tennis players in the world live here. Rafael Nadal makes $41.4 million a year, while Roger Federer makes $77.2 million a year.
7. Auto racing: $6.5 billion
The global market for Motorsport will grow at a compound annual rate of 7.2% between 2021-2026. It is estimated that the market will reach US$4.8 billion by 2021, and US$7.8 trillion in 2026.
In 2021, the market value for motor racing has exceeded $5 billion. It is expected to reach $6.5 billion by 2022. It has been a huge success, earning it a spot on our list of richest sports.
In 2022, the average annual income of racing stars was $70,000 Pro drivers can earn as much as $200,000 in important events like the Grand American Rolex Series.
In its latest season, Formula One was the most successful car racing competition. It grossed $1.8 Billion. Each team earned $166.4 million in revenue.
6. Golf: $7 Billion
Golf is often referred to as the game of the wealthy. However, it has seen steady growth in popularity over time. Recent reports indicate that the market value for golf has reached US$7 billion. Recent years have seen a dramatic rise in popularity for the sport. A Golf Adviser article from 2019 states that the sport received 2.6 million newcomers in the US in 2018. This is almost the same as in 2017. It remains an all-time high. Tiger Woods is the greatest golfing star, earning US$43 million in 2018.
5. Baseball: $40 Billion
An average professional baseball player earns $8.5 million annually. Star players make much more. The current value of baseball as a business is around $40 billion. Only a handful of countries are actively involved in the sport. Major League Baseball, the highest-ranked tournament in baseball, earned $8,957 millions last year. Each team also earned an average of $298.6 millions this season.
Clayton Kershaw was a great player in baseball and was paid $34.5million last year. He was paid $33.8 million annually by his team in salary. He also received $750,000 in sponsorship deals for 2022.
4. Ice hockey: $60 billion
Ice hockey is known for its quick reaction and a mix of talents. It is also the most popular sport on Earth.
The NHL is one of the most popular tournaments. It pays its average professional player approximately $2.2 million annually. The event brought in $4,338million and each team took home $140 million.
The net market value for ice hockey was $60 billion in 2020.
3. Basketball: $90 Billion
It is very popular in countries such as the USA, Canada, Australia, and so on.
Michael Jordan was the one who first increased the popularity of the sport, even though it was extremely popular in the United States. Current estimates show that basketball has a global market of nearly $90 billion. The United States is without doubt the country with the highest percentage.
The average salary for a NBA player in 2022 was $3.8 million. Their portfolios include a lot of sponsorship deals. This year, each NBA franchise earned $209 million.
2. American Football: $200 billion
Recent estimates suggest that the global sector is worth nearly $200 billion. The average salary of players in the National Football League this year was $2.4 million. In the National Football League, players earned an average salary of $2.4 million. However, most of the main players make significantly more. The NFL made $11,394 millions in revenue last year, which is the highest of any league in any sports. This sport is home to some of the most successful athletes. Tom Brady ranks among the 10 highest-paid athletes this year, according Forbes.
1. Football or Soccer $600 Billion
With a net worth of approximately $600 billion, football is the most valuable sport in the world. Around 250 million people play football, also known as soccer, in 200 countries around the globe. It is one the most popular sports with a global market value of $600 billion. A professional athlete in this field earns on average $4 million. Three football stars appear on Forbes’ list for the 2022 highest-paid athletes. At #1, Lionel Messi has a net worth $130 million. Cristiano Ronaldo is at #3 with a $115 million net worth. Neymar is at #4 with a net value of $95 million.
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