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Has Money Ruined Sports Essay

1488 Words6 Pages

James Hadzic
Mr. Martin
English 11
13 May, 2023
Has Money already Ruined Sports? Has Money Ruined sports? Well sports is one of the biggest industries in the world. “ It has an estimated worldwide value of over $500 billion dollars in contracts, memorabilia, sponsorships, stadiums, apparel and other items related to the sport/team.” in 2022 according to statista Sports industry revenue worldwide in 2021, with a forecast for 2022 and 2026. In the U.S, sports are an important part of the culture, ranging from baseball, football, soccer, basketball, etc; so as the sports businesses keep getting more and more popular, they will generate more revenue and at times more conflict. According to ZipRecruiter.com the nationwide average a professional …show more content…

In this article Page explains how money has changed the games in professional sports to be businesses rather than competitive entertainment. Sam includes an event when the MLB banned eight players from the Chicago White Sox's, since they supposedly took bribes to purposely lose the 1919 world series. Other sports like soccer, where Chaibou, a referee for soccer games, was taking bribes from the 2010-2011 season to purposely screw friendly games by choosing a side. These situations ruin sports as people truly want to see the best team to become the real winner. Page goes on to exclaim how professional athletes came from “humbled childhoods, into living a comfortable and safe life.” Meaning that as children or teens, they worked day and night to get a full ride scholarship in college or just being able to play the next level. Then they get the chance to play in the big leagues to make thousands and maybe even millions of dollars. Allowing them to be set for …show more content…

As people fear sports are becoming a business, but their favorite college athletes aren’t even getting much of the revenue, a new One of the big contributors is sports betting. From the start of 2021 to the end of 2021, there was about a 80% increase in people betting at least once a month according to Andrew Marquardt “Legalized Sports Betting in the U.S. Doubled in 2021. Here's Why That Will Continue after 'the Greatest Weekend in NFL Playoff History.'.” from Fortune. When the supreme court overturned the Professional and Amateur Sports Protection Act in 2018, it allowed the start of states to legalize sports betting. According to Marquardt, He says that sports betting will explode in 2021”. It was then reported Americans wagered $52.7 billion dollars throughout the year of 2021. Each weekend, there was a total of 34.5 million dollars wagered. What made the largest increase was the addition of 11 states legalizing sports betting that year, and the investment of $1 billion dollars from advertisements from the biggest industries like Draft kings and Fanduel. With a wide spread of age betting, 18% bet at least once a month by the end of 2021, however at the start of 2021 only 10% were betting at least once a month. That is an 80% increase in just a span of 11 months. As Americans love having a way of

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