Sport industry

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Sport industry is a market in which people, activities, business, and organizations involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports. It is the market in which the businesses are products offered to its buyers are sports related and may be goods, services, people, places, or ideas.[1]

Professional Sports[edit]

The most major of industries related to sports are the professional leagues that most of the other industries in the sporting world revolve around. The major American sports leagues are the first 5 in the list following and include Football, Basketball, Hockey, Baseball and Soccer. Most players in these leagues make money from the team they're on as well as sponsors but are among some of the top earners in the United States.

Sports in the United States

Examples:[edit]

  • NFL - Net worth $74.8 Billion [2]
  • NBA- Net worth $49.5 Billion [3]
  • NHL- Net worth $18.4 Billion [4]
  • MLB- Net worth $49.4 Billion [5]
  • MLS- Net worth $4.3 Billion [6]
  • Snowmobiling - $39 Billion in sales [7]
  • WWE
  • PGA
  • Outdoor recreation industry
  • Snowboard Industry
  • Angler Fishing
  • NASCAR

Sports Apparel[edit]

Sports apparel includes a wide array of clothing articles from fan-based jerseys to actual equipment to play the different sports with. There are many retailers out there including online and in-person that offer a plethora of these products. Many of these businesses have professional athletes that endorse them, securing them fans and buyers alike.

Sportswear (activewear)

Examples:[edit]

  • Under Armour - Net worth $3.5 Billion [8]
  • Reebok - Net worth $1.2 Billion [9]
  • Adidas - Net Worth $6.8 Billion [10]
  • Nike - Net worth $15.9 Billion [11]
  • Oakley
  • K-Swiss

Sports Gambling[edit]

Sports gambling is something that just recently became legalized in the United States. It involves making wagers based on some outcome of a contest or some aspect within the contest. In prior instances of legality there were multiple incidents of professional athletes/referees committing scandals to increase payouts. The people placing the bets always have worse odds than those hosting the bets and that is how this industry remains profitable.

Sports betting

Examples:[12][edit]

  • Bovada
  • SportsBetting
  • GTbets
  • BetOnline
  • MyBookie

Sports Stadium/Travel[edit]

Sports are often played in giant arenas that people travel to from all over. People will cross the world to see their favorite team play and some signature arenas can get fans there even if the team isn't having the best season. The construction/ adaption of these stadiums is a huge business in it's own right as they're often multi-purpose places used for other things like music events as well. The transportation of the players themselves is also a crucial business as keeping them safe and getting them to where they need to be on time can be a hassle.

Stadium

Sports tourism

Examples:[edit]

  • Sports-Related Corporate Travel
  • Team and sports event part. travel
  • Adventure and sports fantasy travel
  • Recreational transport
  • Sport event travel
  • Huber, Hunt & Nichols (build arenas)
  • Spectator Sports revenue
  • Stadium Construction
  • Sports sponsorship expenditure

Sports Supplements/Medicine[edit]

Athletes all over try to get an edge on the competition in any way possible. Over time companies have developed supplements that allows these athletes to train harder, stronger and longer. Combining these supplements with the right workout regime and diet can lead to better overall results for any athlete at any level of competition. While supplements are the former when it comes to sports training, sports medicine tends to be the latter. When an injury deals a great blow to an athlete they look to some of the worlds best doctors who have a history of dealing with similar problems to help them overcome their damage.

Sports medicine

Bodybuilding supplement

Examples:[edit]

  • Power Bar
  • Gatorade
  • Powerade
  • Whey Protein
  • Creatine
  • GNC
  • Physical Therapy
  • Nutritionists

Sports Memorabilia[edit]

Sports memorabilia takes many forms from signed clothing to trading cards. Fans take a lot of pride in owning something their favorite athlete once used or signed and there are a plethora of hole in the wall hobby shops that have items like these for sale. Many of these hobby shops also host meet and greets for fans to meet their favorite players.

Sports memorabilia

Examples:[edit]

  • Topps Cards
  • Steiner Sports

References[edit]

  1. ^ "West Virginia University".Link text.
  2. ^ https://www.forbes.com/sites/forbespr/2018/09/20/forbes-releases-21st-annual-nfl-team-valuations/
  3. ^ Badenhausen, Kurt. "NBA Team Values 2018: Every Club Now Worth At Least $1 Billion". Forbes. Retrieved 2018-12-10.
  4. ^ "NHL Team Values 2017". Forbes. Retrieved 2018-12-10.
  5. ^ Ozanian, Mike. "Baseball Team Values 2018". Forbes. Retrieved 2018-12-10.
  6. ^ Communications, Forbes Corporate. "Forbes Releases 2016 MLS Team Valuations". Forbes. Retrieved 2018-12-10.
  7. ^ http://www.snowmobile.org/snowmobiling-statistics-and-facts.html
  8. ^ https://www.forbes.com/pictures/mlm45eflmk/5-under-armour/#3b6653be1557
  9. ^ https://www.forbes.com/pictures/mlm45eflmk/6-reebok-2/#4f36caee2da8
  10. ^ https://www.forbes.com/pictures/mlm45eflmk/3-adidas-2/#7d04a08c69c8
  11. ^ https://www.forbes.com/pictures/mlm45eflmk/1-nike-2/#121575db6803
  12. ^ "My Top 5 Sports Betting Sites - Best Online Sportsbooks for 2018". My Top Sportsbooks. Retrieved 2018-12-11.