National Hockey League, National Football League, NBA discussed on Freakonomics
Sports really the future juggernaut Cuban describes at the very least he's putting his money where his mouth is among his many, sports technology. Investments is an east sports betting platform called unicorn in. This regard Cuban is not an outlier a lot of NBA teams as well. As teams from the National Football League and major league baseball in the National Hockey League and Major League Soccer. They're all investing in east sports franchises that play games like league of legends fortnight and overwatch a lot of venture capital firms are investing as well. The global east sports market is said to be approaching a billion dollars up roughly forty percent from year earlier, and that doesn't even include the money flowing to the game companies themselves blizzard activision which makes over watch reported four billion dollars in revenue in two thousand seventeen from in game purchases. If I told you ten years ago that e sports would be. A booming industry funded by multibillion dollar sports organizations. You probably wouldn't believe me. But if I told you one hundred years ago that multibillion dollar sports organizations would even exist. You wouldn't have believed that either sports in the very beginning were a proxy for war. Here's John thorn, the official historian of major league baseball, the thirty best man of one side against the thirty best man of another and both sides agreed to abide by the outcome leader on sports became a tool of empire. Colonialism civilizing force, or at least that's what the civilize your said. Well, we sublimate our Marshall instincts by pouring them into sport. We can painter faces weekend. Drink ourselves silly. We can yell insulting epithets at the pyre or certain players and what a sports become these past few decades or love. Lebron James agreed to a four year one hundred fifty four million dollar contract with the Lakers talks striking a five year rights agreement with the NFL worth about three billion dollars record shattering deal. Alvarez signed a five-year eleven fight deal worth a minimum of three hundred sixty five million dollars. They Serena Williams just the Forbes this highest pay female athletes for the third year in a row rockets owner, Leslie Alexander has agreed to a deal to sell the rockets to Houston billionaire Tillman for Tita for two point two billion dollars a record for an NBA franchise. Yes, sports is become big business. How big so the answer? Here is actually surprisingly small sports has a social impact that is way way bigger than its economic impact. That's Victor Matheson, an economist at Holy Cross and president of the North American association. Of sports communists..