Top 5 highest-paying sports in the world
Of course, all sports are lucrative, but there are some that are more lucrative than the others and are very highly-paid.
Sports are not only physical activities for entertainment but also sources of livelihood for numerous people across the globe.
Professional sports enable people to make a living and attain financial success and freedom. At the moment, the dream of an average athlete is to make money (and more money).
Sports have turned into multi-billion investments as they keep attractive big private and public companies, media, and other businesses to create revenues. Also, sales of tickets, jerseys, broadcast rights and all are big factors that make sports very profitable.
Of course, all sports are lucrative, but there are some that are more lucrative than the others and are very highly-paid.
5 sports renowned as highest-paying
Basketball
(John McDonnell / Associated Press)
Basketball is one of the most profitable sports, especially in the United States. The NBA is home to some of the world’s highest-paid athletes. Superstars like LeBron James, Stephen Curry, and Kevin Durant not only earn high wages from their teams, but they also have huge endorsement deals with major brands like Nike, Under Armour, and Pepsi. Basketball players are among the wealthiest athletes in the world, thanks to their hefty wages and big endorsements.
American Football
American football, notably the National Football League (NFL), has a high level of athlete remuneration. NFL players, particularly quarterbacks, demand some of the highest salaries in sports. Patrick Mahomes, for example, recently received a record-breaking $450 million contract, making him one of the highest-paid athletes worldwide. The NFL’s enormous popularity in the United States boosts television earnings, which leads to larger player wages and huge endorsement opportunities.
Golf
Getty Images
Golf is another sport in which top sportsmen can earn a lot of money, especially through tournament wins and endorsements. Tiger Woods, for example, has not only dominated the sport for many years, but he is also one of the highest-paid athletes ever. The PGA Tour pays out well, and the sport’s affluent audience appeals to luxury companies, resulting in expensive endorsement deals for players such as Phil Mickelson and Rory McIlroy.
Soccer
Aurelien Meunier/PSG/Getty Images
Soccer, often known as football outside of the United States, is the most popular sport in the world, as well as one of the most profitable. Players such as Lionel Messi, Cristiano Ronaldo, and Neymar not only earn high salaries from their clubs, but they also have lucrative endorsement deals with corporations such as Adidas, Nike, and Coca-Cola. Soccer’s global reach means that elite players are household names around the world, and this recognition translates into great earnings potential both on and off the field.
Boxing
Individual profits in boxing can be more than in any other sport, especially for headline contests. Legends including as Floyd Mayweather and Manny Pacquiao have made hundreds of millions of dollars from single fights, thanks to pay-per-view, ticket sales, and sponsorships. Mayweather, in particular, has established himself as one of the wealthiest athletes of all time, with profits from a single fight occasionally exceeding $200 million. The huge stakes and global attention surrounding significant fights contribute to boxing’s status as one of the most lucrative sports.
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