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The 2022 FIFA World Cup in Qatar is special for a number of reasons. It’s the first World Cup held during the winter, the first to take place in the Middle East, and the last to feature just 32 teams as from 2026 the number of teams will increase to 48 teams. It is also the most expensive World Cup in history. In order to host the 2022 tournament, Qatar had to spend roughly 220 billion dollars. That’s almost 16 times the cost of the previous World Cup, for which Russia spent just under 14 billion. To put it in perspective, $200 billion is more than the GDP of countries like Ukraine, Hungary, or even Qatar. If you’re wondering why the Qataris spent so much money, it’s because they’re certain it will pay off.
Not only is the State of Qatar expected to see a return on investment, but many private companies are expected to benefit from the World Cup. In this post, we’re going to present you with those businesses that are making a lot of money during the tournament.
Sports Betting Sites
One of the most viewed events on Earth, FIFA anticipates more than 5 billion spectators worldwide for the World Cup. It's also one of the most anticipated events for bettors, who can wager on the results of 64 matches in addition to a variety of additional wagers. When it comes to World Cup betting, European gamblers are in the lead, but other regions of the world aren't far behind. Even in areas of the world where sports betting is taboo, this applies. One of those regions is the Middle East. The majority of Middle Eastern nations, which are governed by Islamic law, forbid gambling in any form.
Nevertheless, online sports betting does exist in some of those places, as evident from the fact that Arabicbet is one of the leading sports sites in the Middle East. The platform in question analyzes betting offers of famous sportsbook brands like 888 Sport, Betfinal Sport, 10bet Sport, all of which are expected to cash in a lot of money during the 2022 World Cup.
Airlines
Qatar and another 31 nations have their representatives at the 2022 World Cup. Thirteen of those are from Europe, five from Asia and Australia, five from Africa, four from North and Central America, and four from South America. The cost for fans to actually travel to the tournament is very high. For example, an American fan from Los Angeles would have to pay around $1,700 for a one-way ticket to Doha. This isn’t great news for fans but is great for airlines, who are guaranteed incredible profits over the next couple of weeks.
Hotels and Resorts
The oil and gas sector is where the State of Qatar makes the majority of its revenue. However, the government's long-term strategy is to invest this money to launch new sectors. Following the same strategy as its neighbor UAE, its primary focus up to this point has been on tourism. This explains why this nation is home to several opulent resorts and hotels. These places are exceedingly expensive even during regular periods when there isn't a World Cup in play. In a normal hotel in Qatar, a night's stay costs between $100 and $200. Nevertheless, their figures increase significantly during the largest sporting event of 2022. The Qatari government established a price cap because they anticipated this would occur. However, judging by on-field reports, not many hoteliers are adhering to the rule. The price cap for a 5-star hotel is set to 2,133 QAR, which is roughly 585 US dollars. It has been reported that the most expensive stay is 18,318 QAR or $5,133 USD at the moment of writing.
Honorable Mention – World Cup Teams
The team that wins the 2022 World Cup will receive a record-breaking prize of $42 million. That’s four million more than what the France national team received four years ago after winning the tournament in Russia. The winners will win the most, but other teams will get millions as well. The runner-up will get a total of $30 million, the team that finishes third will receive a $27 million prize, while the fourth place will get $25 million. Each quarterfinalist gets $17 million, while those teams whose World Cup journey ends in the Round of 16 get $13 million. Even those teams that get eliminated in the group phase will not go home empty-handed. Just by qualifying for the 2022 World Cup, they’ve secured $9 million in prizes each.
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