Most Expensive Sports in the World

Since time immemorial, the human race has been involved in different sports activities. Their involvement in sports was either intentional or not.

Nowadays, sports has evolved to become the most publicized activity in the world. Many people also consider sports as an activity that promotes unity among nations and continents. That said, different kinds of sports have been introduced for the benefit of man. Also, there are many benefits you derive from participating in sports. With sports, you can build your body and become healthier. You can also keep fit and boost your immunity against all forms of diseases. Sports is one of the activities through which you can make judicious use of your free time in school, home, and many more. That said, the vast majority of sports activities that are available to man comes at a cost. In some sports, you need to spend money to learn and participate in organized events. You also need sponsors to feature in high profile tourneys. Hence, you need to have a strong financial base before participating in various sports activities.

Summary of Most Expensive Sports

The table below summarizes the points to note about the most expensive sports.

List of Most Expensive Sports in the World

The huge amount of dollars spent on featuring and organizing sports events necessitates the need to rank them based on their financial demands. With that said, today, I will be telling you the most expensive sports in the world.

1. Whitianga Festival of Sports - Link

The Whitianga Festival of Sports is a popular sport and has also been rated as the most expensive sport this year. The highly expensive sport is organized and conducted in New Zealand every year. Whitianga Festival of Sports is a motorsport that requires the use of helicopters and boats. In the sport, you can participate in jet ski racing, helicopter racing, aerobatic displays, offshore powerboat racing, off-road vehicle demonstrations, and other exciting motorsports based activities. The Whitianga Festival of Sports is considered expensive because of the huge sum of money needed by organizers to procure equipment for the sports events.

2. Ski Jumping - Link

Ski Jumping is a popular sport activity that has captured the attention of many sports lovers all over the world. The second most expensive sport requires a lot of money for the organization and the purchase of equipment needed for a successful tourney. To participate in Ski Jumping, you need to get a world-class trainer, ski jumps, training venue, insurance, and other special skiing facilities. All these requirements require a huge amount of money. After preparing the money, another thing you must also consider is the risk of life. Hence, a huge sum of money is spent on insurance. For instance, if you are participating in Ski Jumping as a jumper, you need to pay about $100,000 to feature in a jump.

3. Hot Air Ballooning - Link

Recently, Hot Air Ballooning has gained widespread popularity in sports. The game is ranked as one of the highly expensive sports all over the world. To participate in the sport, you need to purchase the latest balloon made with high speeds and equipped with the latest and state-of-the-art technology. After getting this equipment and balloons in place, you need to prepare about $300 to get one hour ride in an organized event. Due to the cost of a hot air balloon, the vast majority of the sportsmen and women that participate in Hot Air Ballooning events come with their own balloons. A balloon costs about $20,000. If you are also hiring a world-class trainer, then you have to spend a huge amount of dollars to participate and win the competition.

4. Bobsledding

Introduced into the sporting world in the Winter Olympics, Bobsledding has made its way into the list of the highly expensive sports all over the world. The expensive sport was first performed by the famous American star called Lolo Jones. Bobsledding is designed as a team sport that requires four players. The players need to get organization, government, or wealthy individuals to sponsor their participation because it is highly expensive. For instance, a Bobsleds can be purchased at

$25000. The cost of training and engaging a trainer is extremely high. Also, the cost of constructing bobsleds is estimated at hundreds of millions of dollars.

5. Wingsuiting

Wingsuiting sport is another sport that has made the list of highly expensive sports worldwide. It involves players flying their bodies through the air with the use of a special jumpsuit called a wingsuit. The wingsuit is the major equipment needed. You can purchase it for $2,500. Though the equipment is not expensive, which makes the Wingsuiting sport expensive is the cost of the facilities needed for training and participation. The facilities needed include a plane and gear. Also, the amount you will pay the pilot and skydiving coach is another high expense to consider. Wingsuiting sport is risky. Hence, you must invest a huge amount of money in life insurance. The high cost of participation limits huge participation and encourages elites to feature in the sport.

6. Pentathlon

Pentathlon is an exciting sport that requires a huge amount of money for organization and participation. Thus, it is listed among the highly expensive sports all over the world. The exciting sport is classified as expensive because of the kind of equipment used by the participants. These facilities are extremely expensive. You need to spend a huge amount of money if you desire to participate in any organized competition. Participants of Pentathlon feature in five sports. Hence, you should be prepared to invest money in five sports. The sports listed in Pentathlon include running, pistol shooting, show jumping, fencing, and swimming. For instance, the cost of participating in slow jumping is high. You need to buy, maintain, and train a horse. Also for the pistol shooting, you need to spend money on maintaining your gun. All these require a huge amount of money.

7. Sailing

Sailing is a sport that most individuals would have loved to participate in. However, the cost of the equipment needed has discouraged a lot of sports enthusiasts. To participate in sailing, you don't have to spend a huge amount of money. All you need is to enroll for participation when the event is organized. That said, what makes Sailing expensive is the boat and other equipment needed for the sport. For instance, a sailing vessel can be purchased at the cost of $100 million. The cost of maintaining the sailing vessel when not in use is also astonishing. Hence, only the extremely rich individuals can participate in Sailing. All these costs of purchase and maintenance positions Sailing as an expensive sport all over the world.

8. Formula 1

Formula 1 is a famous sport that has attracted the attention of sports lovers in recent years. The exciting sports event involves the use of sports cars. These sports cars are specifically made for the racing game. Hence, they are highly expensive. The Formula 1 sport also requires a driver that will navigate through the routes scheduled for the game. As a driver participating in Formula 1, you must own the car you are driving. Hence, there is a need to spend a huge sum of money to purchase an efficient car that can win any organized event for you. The Formula 1 sport also involves the risk of life - because drivers can sustain injuries while participating in the race. Hence, your drivers must be enrolled in insurance programs. To organize a race for drivers, you will need about $190,000. Therefore, the cost of organizing and purchase of equipment is what makes Formula 1 expensive.

9. Polo

Polo is a sport that has been classified for the wealthy and rich class in society. The popular sport has made the list of highly expensive sports worldwide. The cost of purchasing elite horses, maintenance, traveling, and training are the factors that made Polo expensive for an average sports enthusiast. As a Polo player, you must have more than one horse. You can have up to four horses in order to substitute any of them when you are playing the game. Also, Polo ponies require regular exercise. The cost of participating in exercise is estimated at $2500 per month. The cost of participating in a tournament ranges between $3,500 and $150,000. Rich and wealthy individuals that participate as a sponsor spends between $300,000 to $1,000,000. Furthermore, players need to register for a good insurance package because the Polo game is risky and players can sustain various degrees of injuries.

10. Equestrian

Equestrian is an exciting sport that requires players that are skilled in riding, driving, steeple vaulting, or chasing. The game requires the use of horses. Equestrian is listed among the expensive sports because few people participate in it. The vast majority of people interested in the sport are discouraged by the cost of maintaining and training a horse. Aside from maintaining and training your horse, you have to invest in stabling the animal. Also, you will spend a huge sum of money on traveling to match venues. For instance, you have to spend about $200,000 yearly to exhibit a horse. This is lower when compared with the cost of purchasing a horse for the Equestrian sport.

Conclusion

Many people have regarded sports as an event that promotes unity among communities, countries, and continents. Many sports have been introduced to allow the inclusive participation of people. However, some are expensive while others are less expensive. Discussed here are the most expensive sports in the world. Happy reading!