By only holding on to about 40% of their earned prize money throughout the year, though, drivers hope for a slew of top finishes to boost their annual earnings. Still, on average, NASCAR drivers can round up close to $1 million per year. With an average base salary of around $200,000, supplemented by bonuses for top finishes, drivers also rely on endorsement deals and sponsorships. Ice Hockey is the world’s seventh-highest paid sport and also one of the most popular, most-watched sports in the USA. Ice Hockey is a contact team sport that is played on ice either indoor or outdoor rink.
The Highest-Paid Football Player Made $60.5 Million in 2020
This includes three in London, one in Munich, and the other in a new market that was undisclosed (likely either Madrid or Sao Paulo, Brazil). Licensing deals with FOX, ESPN, TBS, and MLB Network also add to the revenue. The top-earning teams for this sport are the New York Yankees and LA Dodgers. The Yankees have even sold their merchandise overseas – they are one of the most famous sports teams globally – and have a total worth of about $7.1 billion, according to Forbes.
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- There are different sports currently on earth, with each having their supporters, winners and losers.
- Also, sportspeople, schoolchildren and college students play American football regularly.
- Basketball, baseball, American football, and tennis follow closely behind, each generating significant revenue from various sources.
- Platforms like DAZN and ESPN also contribute significantly to this revenue through streaming services.
- Soccer is the world’s most popular ball game based on the number of participants and spectators, with an estimated 3.5 billion fans worldwide.
- The richest athlete has a net worth of more than $2 billion which makes the industry even more lucrative.
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Usually, sportsmen get paid depending on the terms and conditions of their contracts, performance, sign-on bonuses, and even player popularity. The highest-paid sport in the world has millions, if not billions, of fans worldwide. SportyTell takes an in-depth look at the top-10 highest-paid sports in the world based on the athlete’s average salary on an annual basis, coupled with earnings from endorsements and sponsorship deals. Notably, some of the actual wages may not be as high, but when winnings and bonuses are calculated, it becomes really lucrative and astoundingly rewarding. Major League Baseball (MLB) is a unique entity in sports going here due to its lack of a salary cap, which allows teams to invest heavily in talent, leading to some of the most lucrative contracts in sports history.
There are several cycling tournaments that are held in different parts of the world and are also considered among the highest paying events. Auto racing has existed ever since the invention of the automobile with the first race being organized in the year 1867. Former German driver, Michael Schumacher is the richest auto racing player with a net worth of $800 million. The highest-paid Ice Hockey player earns approximately $99 million a year. Ice Hockey is the national winter sport of Canada and is also popular in the USA, Russia, and Australia. Swiss professional player, Roger Federer is the richest tennis player on the planet who boasts a net worth of $450 million.
Last season, the Premier League alone brought in $5.43 billion in income, with leagues like LaLiga Santander, Serie A TIM, and Bundesliga bringing in considerable cash as well. The most popular tennis tournaments and events are the US Open, French Open, and Grand Slams. Interestingly, female tennis players are among the highest-paid female athletes in the world.
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Median Pro Boxer Salary: $51,370
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Last year, Major League Baseball, baseball’s highest tier tournament, generated $8,957 million in revenue.Furthermore, this season, each team has earned an average of $298.6 million. It is no surprise that basketball players always featured in any Forbes Magazine’s list of highest-paid sportspeople. The average NBA player salary is estimated at $7.4 million as of 2020 per year.
Fury took third place on the list, earning $140 million from his boxing salary and winnings, plus a reported $7 million in endorsements. Tennis champion Naomi Osaka was the last woman to make the list, being the highest-paid female athlete in 2022 and ranking 20th on the list with her reported $53.2 million in earnings. The same year, Serena Williams was listed as 52nd, earning $35.3 million. Not a single woman was named to a list of the 100 highest-paid athletes compiled and released by Sportico on Wednesday. Retired tennis great Serena Williams, who won 23 singles majors, earned $41.8 million in 2021 according to Forbes.
Basketball ranks first in the list of highest-paying sports in the world. National Basketball Association (NBA), composed of 30 teams is the most popular and highest paying basketball league in the world. They use sticks curved at the striking end to hit a small, hard ball into their opponent’s goal. Hockey began to be played in English schools in the late 19th century. Contracts with ESPN and Turner Sports in the United States contribute billions annually. The league has also tapped into international markets, with broadcasting agreements in China, Europe, and Latin America.
The highest-paid fighter was paid a whopping $333 million for a match. The richest athlete in the world is an American boxer, Floyd Mayweather whose net worth is estimated to be $450 million. In the history of boxing, the match between Floyd Mayweather and Manny Pacquiao was the most-watched and very popular. Boxing is one of the oldest sports on planet earth which was first played more than 2700 years ago in 688 BC. It now ranks second in the list of highest paying sports in the world.
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