Together these trends will grow, diversify and evolve sports without diminishing what exists. This year will be monumental for athletes, fans, trainers, broadcasters, businesses and league owners.
With the next decade of NFL broadcast rights packages set to kick off in 2022 and 2023, we expect alternative casts to proliferate. This year’s Super Bowl was the first ever to simultaneously air across a major network (NBC), a streaming platform (Peacock) and a Spanish broadcast (Telemundo). And with major cable networks scrambling to add competitive offerings to their digital streaming slates (such as CBS with Paramount+, Fox with Tubi), altcasts for football, along with other live sports, are a big part of the gameplan. Look for an explosion of not only alternate commentary, but sideline streams, coach cams, miked-up players and more.
As F1 racing continues to build its audience in 2022, we expect interest in simulated racing to rise in lockstep. With popular iRacing tracks already recording up to 45,000 races per week—and F1 fandom and viewership rising across the board—we wouldn’t be surprised to see Thrustmaster racing wheels become a top gift item this coming Christmas.
Buoyed by major milestones like a multi-year broadcast deal with ESPN and an Olympic debut at the 2020 Tokyo games, we think rock climbing will continue to ascend rapidly into the lives of Americans. Kid-friendly (2.3 million of whom climb) and statistically one of the most equal sports for men and women, rock climbing is naturally inclusive and safe (these factors are two of the biggest threats to participation in traditional sports like football).
While the league awaits the arrival of the Tiger Woods of hockey, it can be proud that Black fans are now the fastest growing segment of the NHL fan base, increasing at 1.4x the national rate. With sports leagues across the world taking firm pro-diversity stances, we believe hockey’s holdout as a largely white-only sport will begin to melt away in 2022 as the league skates hard to catch up to its peers.
With major networks such as Disney set to enter the fray in 2022, it’s inevitable that integrated live sports betting will become a common facet of sports viewership. With the proliferation of mobile and online betting (as opposed to physical casinos), fans can now watch games and simultaneously place bets on the same device—creating a singular combined betting/viewing experience. We predict the effect from this on overall viewership to be as dramatic as it is immediate.
With developments such as Amazon Prime’s $1.3 billion-a-season deal to exclusively stream Thursday Night Football games—and Twitch’s partnership with NBC to serve Olympics content—live streaming via Internet (apps or Web) is on a clear course to rival traditional TV sports broadcasting. As streaming channels increase their viewership, we believe smaller sports (such as Sumo wrestling or Japanese Major League Baseball) will also benefit from visibility to an international audience, who can browse and watch a plethora of sports all from the same streaming lobby. Rabid sports fans will soon be able to find live sports at any time of day, as major and minor sporting events from across the globe converge on global streaming platforms.
Beyond endorsements, increased access to sports viewing has meant new leagues like Overtime Elite can for the first time ever pay high school players six-figure salaries, while enabling them to grow and benefit from their social followings. With such massive developments in the commodification of youth sports, we will come to see 2022 as the year that million-dollar high school athletes become commonplace.
While purists (and certainly, professional umpires) may reject this version of sports, we think baseball’s 2022 experiment will likely be a catalyst for future automated officiation. The benefits in accuracy and fairness will be undeniable. This will also free up a lot of space on the internet where fans spend their Mondays complaining about unfair calls.
To us, one statistic really stands out: while total monthly sales for NBA Top Shot grew from $8,000 to $38 million within the last 18 months, the average sale price went down. This means unlike the NFT art scene—which has been buoyed by eye-popping seven-digit valuations of collectibles like the Bored Apes—the increase in sports NFT value has been driven by robust user growth (from 265 monthly transactions to 1.8 million). The consistent, low average price point (between $20 and $45) means participation isn’t niche and remains accessible to all fans—importantly, young ones. With January 2022 already doing 1.5x December’s sales on Top Shot, we believe this year will continue to be strong for sports NFT growth, even amid a cooling period for crypto assets overall.
While most new exercise programs have an estimated 50 percent dropout rate in the first six months, social workout apps appear to have found a way to sustain participation by harnessing the power of community. Peloton’s customizable leaderboards (which allow filtering by factors such as age, location and gender) allow for constant mini-competitions among similar users, and Strava’s “king of the mountain” feature has created a fanatic desire to post the top time on select parceled hill routes. Much the way team sports often push us to work harder, working out with a group has shown to increase workout time, enjoyment and longevity.
With a quarter of the US population now working remotely full time, finding one’s place in location-agnostic communities will become more important than ever. With the concept proven and the groundwork laid, we strongly believe 2022 will solidify personal workout apps as a legitimate competitor to traditional gym exercise.