Sports Global Impact

1342 Words3 Pages

Sports have always been an important part of society, weather it be football (soccer), American football, or baseball. From watching the games on TV, cheering on the players, playing the game, or even betting on a game. We have all contributed to our favorite sport at some point in our lives. However, sports do so much more than entertain us, sports provide jobs, influence the economy, and can sometimes cause trouble.
Between the food, the memorabilia, the revenues for live sporting events, and the sponsorships the sports industry makes a ton of money. And between the money and the jobs the sports industry brings, it’s a great contributor to the economy. According to a recent A.T. Kearney study, today’s global sports industry is worth somewhere between $480 and $620 billion. In 2009, the worldwide sports events market (defined as all ticketing, media and marketing revenues for major sports) was worth $64 billion. The biggest contributor to that $64 billion is the American sports industry, which earns $32 billion. As a whole, the American sports industry also contributes about 456,000 jobs. With the two most popular sports in America being baseball in second place and American football in first. The Major League Baseball’s 2013, revenues reached an all time high reaching over eight billion dollars. Meanwhile, the National Football League (NFL) made over nine billion dollars this past year in gross revenue. Helping the economy by bringing in a constant flow of money and jobs.
Football (soccer) is the most popular sport around the world winning the popularity vote in Mexico, Russia, most of South America, all of Africa, and more. Making football (soccer) the second largest contributor to the global market worth. Just under the $3...

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...ns of dollars every year, sports prove to be a reliable source of economic income and provide millions of jobs around the world. Sports are more than just a game or a job to millions of people though; they are somebody’s passion.

Works Cited

. http://www.ign.com/boards/threads/world-map-showing-the-most-popular-sports-by-country.452939685/

. http://www.todayifoundout.com/index.php/2014/01/nfl-tax-exempt/

. http://college.holycross.edu/RePEc/hcx/Matheson_MegaEvents.pdf

.http://history1900s.about.com/od/famouscrimesscandals/p/munichmassacre.htm

. http://soccerlens.com/football-violence-worst-football-riots/23093/

. http://hardballtalk.nbcsports.com/2013/12/17/report-mlb-recorded-record-revenues-in-2013/

. http://www.atkearney.com/paper/-/asset_publisher/dVxv4Hz2h8bS/content/the-sports-market/10192

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