Hundreds of billion dollars the sports industry makes as profit but the question is which of the sport create the most revenue. In other words, what is the worth of the richest sports in the world?
Boxing has long been one of the most fascinating and well-known sports in the world, thanks to the years of thrills and excitement it has brought. However, a professional boxer is expected to make $50,000 on average. Professional fighters earn between $1,000 and $4,000 per battle as amateurs.
Similarly, it steadily rises to a range of $5,000 to $10,000 for each bout. Not to mention, boxers receive additional incentives for winning fights and have their own sponsors and endorsement deals.
The total value of the sport is not cleared yet. But, we can guess by watching Floyd Mayweather’s net worth which according to sources is a $450 million, and with earnings besides his boxing career is estimated to be $1.1 billion
9. Cricket: $6 billion
Around 15 countries participate in international competitions and play this sport. Due to the overall cash flow, it does, nevertheless, deserve to be among the richest sports in the world this year. Cricket’s total industry worth reached $6 billion this year, according to a recent estimate. In addition, by 2022, the average annual income of a professional cricketer may have increased to about $60,000.
The Indian Premier League, one of the most popular cricket tournaments, grossed $633.62 million last season. Besides, each franchise in that event made an average of $79.2 million in income.
8. Tennis: $6.06 billion
The Tennis Sports industry reached $6.06 billion this year with an increase of 1.1% only from the previous season. It features plenty of wealthy athletes, with the typical player earning $30,000 per year. The French Open, the most prestigious tennis tournament, has grossed $2.6 million this year alone.
7. Auto Racing: $6.5 billion
With a compound annual growth rate (CAGR) of 7.2% between 2021 and 2026, the global market for Motorsport is expected to grow from US$4.8 billion in 2021 to US$7.8 billion in 2026.
The market value of the motor racing industry has exceeded $5 billion in 2021. By 2022, it is predicted to exceed the $6.5 billion mark. And that success has earned it a place among our list of the richest sports in the world.
Racing stars’ average annual earnings reached $70,000 in 2022. In important events such as the Grand American Rolex Series, pro drivers can earn up to $200,000 per race.
In its most recent season, Formula One, one of the most popular car racing competitions, grossed $1.8 billion. With $166.4 million as revenue for each team.
6. Golf: $7 billion
Often known as the game for the rich, Golf has steadily grown in popularity over the years. The market value of the golf industry has touched US$7 billion according to recent reports. The sport in recent years has seen a sharp uprising of popularity. According to a Golf Adviser article in 2019, in the US, the sport welcomed 2.6 million beginners in 2018, almost the same number as the previous year, a number that remains an all-time high. Golfing legend, Tiger Woods, earned US$43 million last year, the most among all golfing stars.
Also read: Top 5 Richest Sportsperson in the world
5. Baseball: $40 billion
A professional baseball player currently earns an average of $8.5 million per year. Star players, on the other hand, make a lot more money. Baseball as a company is currently worth around $40 billion. However, only a few countries actively engage in this sport. Last year, Major League Baseball, baseball’s highest tier tournament, generated $8,957 million in revenue. In addition, this season, each team has earned an average of $298.6 million.
Clayton Kershaw, one of baseball’s best players, was paid $34.5 million last year. His team paid him $33.8 million each year in pay. In addition, he received $750,000 in sponsorship deals in 2022.
4. Ice Hockey: $60 billion
Ice hockey is famous for its rapidity of reaction combined with a combination of talents, which is why it is called as the “Fastest Game on Earth.” Many ice hockey players are on Forbes’ list of highest-paid athletes.
One of its most popular tournaments, the NHL, pays its average professional player roughly $2.2 million per year. Last year’s event grossed $4,338 million, with each club taking home $140 million.
In 2020, the net market value of ice hockey was around $60 billion.
3. Basketball: $90 billion
The sport is extremely popular in countries like the USA, Canada, Australia, etc.
Michael Jordan was the person who initially increased the sport’s global popularity, even though it had always been extremely popular in the United States. According to current estimations, basketball now has a global market worth nearly $90 billion. Without a doubt, the United States has the largest proportion.
As of 2022, the average annual salary of an NBA player is approximately $3.8 million. They also have a large number of sponsorship deals in their portfolios. Each NBA franchise got $209 million in revenue this year.
2. American Football $200 billion
According to recent estimates, the global sector is worth almost $200 billion. This year, the average salary for players in the National Football League was $2.4 million. Needless to say, all of the clubs’ main players earn significantly more. Last year, the NFL generated an incredible $11,394 million in revenue, the most of any league in any sport. Some of the richest athletes compete in this sport. Tom Brady is among the top 10 highest-paid sportsmen this year, according to Forbes.
Also read: Top 5 Richest NBA Players in the world
1. Football or Soccer $600 billion
Football is the richest sport in the world with a Net Worth of around $600 Billion. Football is played by around 250 million people, often known as soccer, throughout 200 nations around the world. It is one of the most well-known sports, with a $600 billion global market value. Similarly, a professional athlete in this industry earns an average of $4 million. On Forbes’ list of highest-paid athletes, we can see three football stars are on the list of 2022. Lionel Messi with a net worth of $130 million at #1 rank, Cristiano Ronaldo at #3 with a net worth of $115 million, and Neymar at #4 with a $95 million net worth.