Women's sport revenues tipped to break $1b barrier

England's players react after winning the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on 16 August 2023.AFP

Global revenues from women's sport will top $1 billion for the first time in 2024 thanks to an explosion in popularity, according to financial experts Deloitte.

Fresh from a highly successful 2023 World Cup in Australia and New Zealand, football's revenue is expected to reach $555 million out of a total predicted figure of $1.28 billion in 2024.

But more than 50 per cent of total revenue for women's sport is still generated in North America despite the growth of women's football in Europe.

Deloitte expects valuations for teams and leagues will continue to rise, with several team values predicted to exceed $100 million next year.

"Over the last few years we have seen exceptional growth in women's sport across the globe, driving a significant uplift in its commercial value, which in turn has led to growing interest from investors," said Jennifer Haskel, insights lead for Deloitte's Sports Business Group.