If you are wondering what sport makes the most money, this article is for you. Keep in mind that the top ten sports earn $54.53 billion in earnings, which is a colossal amount. Similarly, team owners enjoy huge lofts of money, and players in these sports enjoy millions of salaries a year.
So, get ready to have a detailed review of “what sport makes the most money?” moreover, you will also learn how much top-rated athletes take home each year.
WHAT SPORT MAKES THE MOST MONEY: TOP TEAM SPORTS
Before learning more about what sport makes the most money remember that these sports are ranked according to the average salaries, athletes take home. You will also learn about the highly paid players across the globe and the amount of money these players earn while promoting brands. Below mentioned are ten sports with the highest earnings.
- BASKETBALL
Basketball is an excellent sport with millions of fans across the globe for various reasons, one of which is the height of players. This is the sport where the average height of players is more significant than the average height of male Americans. Baseball is also the top-ranked sport where players are paid higher salaries than the average salaries of other sports.
The sports earn billions a year, where each team, on average, has a net worth of $2 billion, so now you can estimate the salaries of basketball players. The average basketball player takes $7 million home each year; however, the actual figures are mind-blowing because you will find some players earning more than $30 million, whereas the highly paid player earns $48.07 million a year.
- BASEBALL
With $4.3 million in average earnings of baseball players, this sport has successfully achieved the second position on the list of “what sport makes the most money?.” This sport is different from others because there are no limits on how much a team can spend on its players. In contrast, other sports such as the NBA, NFL, and NHL impose such team restrictions.
The lowest baseball salary in 2020 was $563,500, which is still higher than some of the average players in other sports. Baseball’s highest-paid player in 2020 earned $37.7 million that season, making him the most expensive player.
- FORMULA 2 RACERS
The more dangerous it looks, the more fun it is. Formula 1 racers earn, on average, a salary of $4.1 million a year, which is slightly lower than baseball players, although it comes on the list of those sports which earn more in the third position. However, when we look specifically at racing sports, formula 1 racers are the highest-paid athletes in the world.
Now you might be shocked, but the highest paid Formula 1 racer made more than the highest paid baseball player though baseball has a higher rank than formula 1 racer. The highest paid racer in 2020 was Lewis Hamilton, earning $47 million and was seven times world champion. Furthermore, he earns around $70,000 from his Instagram posts.
- SOCCER
When it comes to the highest paid players globally, one might think either of Christian Ronal or Lionel Messi; where both players are associated with Soccer. So if you think the same way, you are right; however, Neymar is also onboard because these three players earn $304 million yearly. At the same time, Ronaldo himself takes $104 million home a year, where he also earns a huge chunk of $45 million from endorsements.
So far, the highest paid athletes belong to soccer sport; however, the average salaries of players are still lower than the above three sports, so for that reason, Soccer is ranked 4th on the list. The average salaries of Chinese Super League players earn around $1 million a year, whereas English Premier League players earn around $3.1 million a year.
- FOOTBALL
In America, Soccer might not be as popular as in other parts of the world; however, nobody can deny that around one out of every three Americans considers football their favourite sport. In 2020 average NFL players earned $3.3 million a year, and with this figure, football levelled with Soccer when it comes to what sport makes the most money.
But the factor that places NFL on 5th position rather than 4th is the net earnings of the highest paid player. In the case of Soccer, Ronaldo earned $104 million, whereas the highest paid NFL player took $60.5 million home.
What sport makes the most money: mentioned below list shows other 5 sports that earn more money.
- HOCKEY ($3 MILLION)
- GOLF ($3 MILLION)
- NASCAR DRIVERS ($1 MILLION)
- MMA ($68,500)
- BOXER (37,501)