The sports sector generates hundreds of billions of dollars in revenue, but which sport brings in the most money? What are the richest sports there in world worth, in other words?
- Boxing
Considering all the thrills and excitement it has provided throughout the years, boxing has long been one of the most intriguing and so well known sports in the world. However, the typical salary for a professional boxer is $50,000. As amateurs, professional fighters make between $1,000 and $4,000 each match.
Similar to that, it gradually increases to $5,000 to $10,000 for each bout. To just not mention, boxers are granted their own sponsorship and endorsement deals and gain additional rewards for winning matches.
The sport’s total worth has not yet been determined. However, we may make an educated prediction by looking at Floyd Mayweather’s net worth, which is reportedly $450 million and believed to be $1.1 billion including earnings outside of his boxing career.
- Cricket
Net worth: $6 billion
This sport is played internationally by about 15 different nations. It does, however, deserve to be one of the wealthiest sports in the world this year given the total income flow. According to recent estimate, the value of the cricket sector as a whole topped $6 billion this year. Additionally, a professional cricketer’s average annual wage may rise to nearly $60,000 by 2022.
One of the most well-known cricket competitions, the Indian Premier League, brought in $633.62 million in revenue last year. In addition, each franchise earned an average of $79.2 million during that event.
- Tennis
Net worth: $6.06 billion
This year, the tennis sports business brought in $6.06 billion, an increase of just 1.1% from the previous year. There are many affluent players in it, with the average participant making $30,000 annually. The most renowned tennis competition, the French Open, has brought in $2.6 million this year alone.
Two of the most successful athletes in the world are tennis players. Roger Federer earns $77.2 million annually compared to Rafael Nadal’s $41.4 million.
7. Auto Racing
Net worth: $6.5 billion
The global market for Motorsport is projected to increase from US$4.8 billion in 2021 to US$7.8 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%.
In 2021, the market price of the auto racing sector hit $5 billion. It is anticipated to surpass $6.5 billion by 2022. And because of its popularity, it has earned a place on our list of the wealthiest sports in the world.
In 2022, the average salary for racing professionals was $70,000. Pro drivers can make up to $200,000 per race in prestigious competitions like the Grand American Rolex Series.
One of the popular motor racing events, Formula One, brought in $1.8 billion during its most recent season.each team making $166,4 million in revenue.
- Golf
Net worth: $7 billion .
Golf, which is frequently referred to as the sport of the wealthy, has progressively gained popularity throughout time. According to recent figures, the market price of the golf business has surpassed US$7 billion. The popularity of the sport has dramatically increased in recent years. In the US, the sport attracted 2.6 million new players in 2018, nearly the same number as the year before and a record high. This is based on a Golf Adviser article from 2019. Tiger Woods, a golfing great, earned US$43 million last year, more than any other golfing celebrity.
- Baseball
Net worth: $40 billion
Currently, the average annual salary for a professional baseball player is $8.5 million. However, professional athletes earn significantly more money. Currently, the value of baseball as a company is over $40 billion. Only a few nations, nevertheless, actively participate in this sport. Major League Baseball, the top level of baseball competition, brought in $8,957 million last year. Each team has also generated an average of $298.6 million this season.
One of baseball’s top players, Clayton Kershaw, earned $34.5 million in salary last year. Each year, his team will pay him $33.8 million in salary. He also secured sponsorship deals of $750,000 in 2022.
- Ice Hockey
Net worth: $60 billion
The “Fastest Game on Earth” moniker for ice hockey comes from its reputation for quick thinking and a variety of skills. The list of greatest athletes by Forbes includes numerous ice hockey players.
The NHL, one of the most well-known competitions, pays its professional athletes an average of $2.2 million annually. Each club earned $140 million from the $4,338 million in total revenue from the previous event.
Ice hockey had a net market worth of almost $60 billion in 2020.
- Basketball
Net worth: $90 billion
In nations like the USA, Canada, Australia, etc., the sport is wildly popular.
Even while the sport has always been quite well-known in the United States, Michael Jordan was the one who initially increased its popularity on a global scale. Basketball today has an international market that is estimated to be worth close to $90 billion. Unquestionably, the United States has the highest percentage.
NBA players currently make an average salary of almost $3.8 million as of 2022. Additionally, their portfolios contain a sizable number of sponsorship agreements. This year, $209 million was earned by each NBA team.
2. American Football
Net worth: $200 billion
Recent estimates place the sector’s value at close to $200 billion. The National Football League paid its players an average of $2.4 million this year. Naturally, all of the clubs’ star players make substantially more money. The NFL earned an astounding $11,394 million in income last year, more than any other league in any sport. In this sport, some of the wealthiest athletes compete. According to Forbes, Tom Brady is one of the top 10 sports stars in terms of earnings this year.
- Football or Soccer
Net worth: $600 billion
Football has the highest net worth of any sport in the world, at over $600 billion. Around 250 million people play football, also referred to as soccer, in 200 different countries. With a $600 billion global market value, it is among the most well-known sports. The average salary for a professional athlete in this field is $4 million. Three football stars are included as the highest-paid athletes in 2022 on Forbes’ list. Cristiano Ronaldo is ranked third with such a net worth of $115 million, followed by Neymar at number four with a net worth of $95 million. Lionel Messi is ranked second with a net worth of $130 million.
