In the world of professional sports, generating revenue is everything. Teams and leagues rely on TV contracts, ticket sales, and sponsorships to keep them afloat. But which sport brings in the most money?
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Sports generate a lot of revenue for both the athletes and the teams. However, some sports bring in more revenue than others. Here are the top five sports that generate the most revenue.
In 2018, the NFL brought in $14 billion in revenue, which is more than any other sport. The majority of this revenue comes from television rights fees and sponsorship deals. The NFL also has the most expensive tickets in sports, with an average ticket price of $102.
According to a report by Forbes, Major League Baseball brought in $10.3 billion in revenue in 2018. This was a slight decrease from the $10.4 billion the league brought in 2017, but it was still good enough to make MLB the most profitable sports league in the world. The majority of MLB’s revenue comes from broadcast rights and ticket sales, with each team receiving an equal share of the league’s national broadcast revenues.
The NBA leads the pack in professional sports when it comes to generating revenue. In the 2017-2018 season, the league generated $7.4 billion in total revenue. This was a nearly 10% increase from the previous season. The vast majority of this revenue (75%) came from national TV deals with broadcasters such as ESPN, TNT, and ABC. The league also generates a significant amount of money from ticket sales, merchandising, and sponsorships.
According to Forbes, the NHL brought in $4.79 billion in total revenue for the 2017-2018 season. This made it the sixth most profitable league in the world. The average NHL team is now worth $594 million, which is a 6% increase from last year.
Sports are a big business. In 2018, the global sports market was valued at $623.7 billion. That figure is expected to rise to $814 billion by 2023.
There are a number of factors that contribute to the huge success of the sports industry. One is the increasing popularity of live sporting events. In 2017, live sporting events generated $57.4 billion in revenue, which was a 4% increase from 2016. Another factor is the growing popularity of sports betting, which is now legal in many countries.
There are many different types of sports, and some generate more revenue than others. Here are 10 of the most lucrative sports in the world:
1. Football – Soccer is the most popular sport in the world, and it’s also one of the most lucrative. The sport generated $30 billion in revenue in 2017, and that figure is expected to grow to $40 billion by 2021.
2. Boxing – Boxing is another hugely popular sport that generates a lot of revenue. The sport generated $5 billion in revenue in 2017, and that figure is expected to grow to $6 billion by 2020.
3. Cricket – Cricket is a hugely popular sport in India and other parts of Asia. The sport generated $2 billion in revenue in 2017, and that figure is expected to grow to $5 billion by 2025.
4. Basketball – Basketball is one of the most popular sports in the world, and it generates a lot of revenue for its governing body, the NBA. The NBA generated $7 billion in revenue in 2017/18, and that figure is expected to grow to $9 billion by 2020/21./* 5.*/ Golf – Golf is a hugely popular sport, especially among corporate sponsors.* Although it doesn’t generate as much TV revenue as other sports, it does generate a lot of money from ticket sales, corporate sponsorships, and merchandise sales.* In 2018, golf’s four major championships – The Masters, The US Open, The Open Championship, and The PGA Championship – generated$1 .9 billion in total revenue.* 6.* American football – American football is one of the most popular sports in the United States.* It generated$14 .0 billionin revenue in 2017/18 ,* and that figure is expected to grow to$16 .8 billionby 2020/21 .* 7.* Baseball – Baseball is another hugely popular sport in the United States.* It generated$11 .0 billionin revenue in 2017 ,* and that figure is expected to grow to$12 .6 Billionby 2021 .* 8*. Tennis – Tennis is a hugely popular global sport with a large fanbase.* It generated$5 .0 Billionin revenue globallyin 2018 ,* and that figure is expected onlyto growin future years as tennis stars like Roger Federerand Rafael Nadalcontinue their domination ofthe sport . 9*. Horse racing– Horse racingis anotherglobal sportthat generatesa lotofrevenue frombettingandsponsorship .Thesportgenerated anestimated$115 Billioninrevenuein 2016 ,*andthatfigureis onlyexpectedto growin future years . 10*. Motorsports– Motorsportsis anotherglobal sportwitha largeanddedicatedfanbase .Thesportgeneratedanestimated$5 Billiongloballyin 2015 ,*andthatfigureisexpectedtogrowto$7 Billionby 2025 .