100% (1)
Pages:
1 pages/≈275 words
Sources:
3
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Significant Areas of Growth in the Sport Industry

Essay Instructions:

identify and describe the three (3) areas of growth in the sport industry that are most significant. Why is an understanding of the areas of growth important to someone endeavoring to work in the sport industry?

Essay Sample Content Preview:

Growth in the Sport Industry
Author’s Name:
Institution of Affiliation:
Course Name:
Instructor’s Name:
Date:
Growth in the Sport Industry
The sports industry is an extensive sector that involves various stakeholders from different organizations. The sports industry has experienced steady economic growth, and its market has expanded quickly. Three major areas of growth that have contributed to this trend growth are e-sports, health and fitness, and legalizing sports betting.
The sports betting industry has grown rapidly. This growth has necessitated states to consider and legalize sports gambling. Sports betting legalization has changed how fans react, consume, and follow sports events (Cason et al., 2020). This legalization has created new revenue sources for sports organizations, hence the sports industry's growth. The emergence and development of e-sports have captivated a huge audience and productive sponsorships. Due to the social component of live streaming and gaming, e-sports’ investments and revenues boomed. As per Deloitte, the number of investments in e-sports went from 34 in 2017 to 68 in 2018 (Intelligence, 2023). This rapid development has contributed to t...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Sign In
Not register? Register Now!