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5 Sports Competitions With The Biggest Prize Money

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Sport has grown from a simple pleasure to a legitimate way to a global money-spinning business. The global sporting industry is expected to be worth US$512.14 billion (AU$765.7 billion) by 2024.

As the globe tunes into these major athletic events, revenue increases. Ads, sponsorships, and the like.

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While the organizers stand to profit massively, the competitors stand to lose a lot of money. But which sports events in the globe have the most money? What are the most expensive sports competitions?

Below are sports competitions and their million-dollar prize money:

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World Series (Baseball)

Despite its shifting popularity outside of America, America’s pastime continues to have a significant winning prize. The annual championship is known as the World Series, and the best-of-seven series produces one top team each year. The competition is one of America’s oldest, and since 1903, it has crowned a financially successful team. In 2023, the winning team is expected to get approximately $52 million.

Total purse: $160 million
Amount paid to winning team: $52 million

FIFA World Cup (Football)

The FIFA World Cup, football’s biggest international tournament, matches the world’s finest national teams against one another, ending in the final. The apex of world football draws over 3.3 billion spectators worldwide and pays the champions handsomely from FIFA. Argentina defeated France in dramatic manner in the most recent World Cup, not only leaving a legacy for captain Lionel Messi, but also raising over $66 million for the Argentine football association.

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The majority of that money goes to the domestic football program, but the players and coaching staff are sure to get a large bonus as compensation for their efforts.

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Total purse: $658 million
Amount paid to winning team: $66 million

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The NBA Championship (Basketball)

Despite the NBA’s global popularity, teams in America are not as well compensated as clubs in other sports in Europe. That is not to suggest they receive nothing. Winning the NBA Finals gives the winning team a sizable percentage of the NBA Playoff Pool, which was slightly over $40 million at the end of the most recent season. This figure is divided across all postseason teams based on performance. It is projected that the Denver Nuggets, the most recent winners, earned $7.1 million.

Total purse: $40 million
Amount paid to winning team: varied based on performance.

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Tour Championship/FedEX Cup (Golf)

The golf business has always been heavily financed, as evidenced by the advent of the Saudi-backed LIV. With the new merger in the works, expect this prize pool to change dramatically. The Tour Championship is the PGA Tour’s last match, and while it is not officially classified as a Major, it does come with a sizable purse. Throughout the PGA season, golfers accumulate points to compete in the final championship, with the top 30 earners competing in the Tour Championship.

The golfer with the most points after the Tour Championship match (typically the winner) wins the FedEx Cup and a stunning $26.9 million from the $112.1 million prize pool. Otherwise, there will be other opportunities to win large over the season. The Players Championship has the tour’s largest prize money, with the winner receiving $6.7 million.

Total purse: $112 million
Amount paid to winner: $27 million

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UEFA Champions League (Football)

It is the world’s largest club event, regardless of sport. Winning the competition final earns the team around $33 million, but nearly three times that amount can be won along the road.

Money is awarded to teams based on group and knockout stage wins, with a maximum prize money of approximately $139 million possible if the club wins all of its games. With such a large amount of money on offer, it’s easy to see why it’s such an honor for teams to even qualify, let alone try to win.

Total purse: $3.3 billion
Amount paid to winning team: $33 million

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JUST IN: Cristiano Ronaldo Confirms Al Nassr’s Stay, To Sign New Deal

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Portugal striker Cristiano Ronaldo is ready to extend his stay with Saudi pro side Al Nassr and is even ready to sign a new deal.

According to Fabrizio Romano’s post on X on Monday, the Portuguese have dismissed rumours of leaving Al Nassr.

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The post read, “Cristiano Ronaldo confirms plan to stay at Al Nassr by signing a new deal.

“My future? Basically, nothing is gonna change. Staying at Al Nassr? Yea.”

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Recall that the 40-year-old on Sunday helped his national team to secure the Nation’s League for the second time four years after the Nation’s League was unveiled.

Ronaldo, who joined Al Nassr in December 2022 on a record-breaking deal, has played a transformative role both on and off the pitch.

His arrival marked a turning point for Saudi football, drawing global attention to the Saudi Pro League and triggering a wave of high-profile signings across the league.

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READ ALSO: Cristiano Ronaldo Tops List Of Highest Earners In Saudi Arabia Pro League [Top 10]

During his time at Al Nassr so far, Ronaldo has delivered impressive performances, scoring consistently and helping the club remain competitive at the top level. His presence has not only boosted the club’s visibility but also played a key role in the league’s growing popularity worldwide.

The announcement of his continued stay is seen as a significant boost for Al Nassr and the Saudi Pro League as a whole. It also signals Ronaldo’s long-term commitment to the ambitious football project unfolding in the region.

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Brazil Star, Neymar Tests Positive For COVID-19

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Brazil forward Neymar has been sidelined after testing positive for COVID-19, Santos announced in a statement cited by Brazilian media.

The 33-year-old began showing symptoms on Thursday and was immediately withdrawn from all team activities. Medical tests later confirmed the viral infection, the Brazil Serie A club said on Saturday.

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Santos did not specify how long Neymar will be out of action and did not respond immediately to a Reuters request for comment.

Neymar is already set to miss Thursday’s league match at Fortaleza due to suspension.

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That Fortaleza game will be Santos’ final fixture before the Brazilian league pauses for the Club World Cup in the United States, scheduled from June 14 to July 13.

The former Barcelona forward’s future with Santos remains uncertain as his contract expires on June 30.

Limited by injury, Neymar has made 12 appearances across all competitions this season, tallying three goals and three assists.

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Osimhen Rejects Al Hilal 5th Offer, Wants To Stay In Europe

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Super Eagles striker Victor Osimhen has officially turned down a fifth offer from Saudi Arabian giants Al Hilal, reaffirming his desire to remain in Europe.

In a post shared via X (formerly Twitter) handle, journalist Buchi Laba. Laba revealed that Osimhen has shut the door on any potential move to Saudi Arabia, regardless of the financial incentives.

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Victor Osimhen officially rejects Al Hilal 5th offer,” Laba wrote. “He has decided to not move there no matter the money offered. Case closed.”

READ ALSO: Osimhen To Sign Chelsea Pre-contract Agreement

Osimhen, who has been a subject of transfer speculation in recent months, appears to be in no rush to make a decision about his next move.

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Sources close to the player suggest that his main priority is to continue his career in Europe, where he feels more competitively challenged.

Main priority is to stay back in Europe,” Laba added, noting that “a top Italian club [is] very interested and other European clubs” are also keeping tabs on the Nigerian forward.

READ ALSO: Osimhen Fuels Speculation Of Future Move To Chelsea On His Birthday

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The 26-year-old Napoli star has been linked with several clubs across Europe, including teams in the Premier League and Serie A.

However, he is reportedly taking his time to evaluate the best sporting project before making his next move.

Osimhen was instrumental in Napoli’s Serie A title win in the 2022/23 season and also helped Galatasaray to a domestic double during his loan spell in Turkey last season.

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