How does the sports industry affect personal and family budgets?

Answer 1

About 1.5% of household budgets is spent directly on active participation in Sport and Recreation. However, if you also take into account the dollars spent by families on pay TV for watching sport, the total spending on sport is much more. There is also the question whether the family goes to major venues to watch professional sport. For some families with 2-3 children, it would be probable that the total spend on sport would amount to 5%.