FIFA World Cup will give profit of 87 and a half trillion rupees to bookmakers

The 2022 FIFA World Cup, in which 32 teams from five confederations will play 64 matches in Qatar over 29 days, is expected to generate US$ 35 billion for bookmakers operating on the ground in Qatar's economy during the event. Dollars (87 trillion 50 billion Pakistani rupees) will contribute 17 billion dollars (42 trillion 50 billion Pakistani rupees) in addition to providing the bet profit when the final calculations are done. A week ago, Qatar World Cup 2022 CEO Nasir al-Khattar expressed hope that the FIFA event will contribute $17 billion to Qatar's economy during the event. In this news, the dollar to Pakistani rupee exchange rate is 250 rupees to one US dollar, a figure that is higher than the interbank Pak rupee-greenback parity and lower than the black market value of the US currency. 

Since Argentina trounced France in Sunday's hotly-contested final, the amount spent on gambling is more than double Qatar's income. As far as betting during the World Cup is concerned, on November 28, a report by the well-known American media house

'The Bloomberg' said that according to Barclays analysts

'The Bloomberg' said that according to Barclays analysts, a total of 35 billion dollars bet on the 2022 FIFA World Cup. will be levied, which is a 65 percent increase over the previous edition following the surge in online gambling during the pandemic. Although Brazil were favorites to win the World Cup, many online betting websites rightly thought that Argentina would triumph and take the final honours. According to a May 5 Reuters report, Qatar has reportedly spent at least US$229 billion (Pakistani Rupees 57.25 trillion) on infrastructure in the 11 years since it won the bid to host the World Cup. 

Here are some other financial aspects of this World Cup as reported by dozens of international media houses over the past few months. To host the World Cup, Qatar has spent $6.5 billion (Pakistani Rupees 1.625 trillion) to build seven new stadiums for the tournament and renovate an eighth stadium. The 2022 FIFA World Cup in Qatar will generate an estimated USD 7.58 billion (Pakistani Rupees 1.895 trillion), topping the previous record of USD 5.4 billion (Pakistani Rupees 1.35 trillion) from the 2018 World Cup in Russia. Qatar's GDP is estimated to grow by 4.1 percent in 2022 thanks to the quadrennial tournament. As Qatar's tourism sector continues to recover from the effects of Covid

The country is aiming to make it 12 percent of its GDP by 2030. There is no doubt that the hotel business is one of the beneficiaries of the FIFA World Cup in Qatar

The country is aiming to make it 12 percent of its GDP by 2030. There is no doubt that the hotel business is one of the beneficiaries of the FIFA World Cup in Qatar. An estimated one and a half million tourists arrived in Qatar for the tournament, with more than 150 new hotels built for the event. According to a report by global real estate consultant Knight Frank, the hotel industry in Qatar could grow by 89 percent to 56,000 hotel rooms by 2025, costing more than US$7 billion (Pakistani Rupees 1.75 trillion). More than three billion football fans around the world will be glued to their television screens during the FIFA World Cup in Qatar. In addition to TV networks paying top dollar for broadcast rights, sponsors were also predicted to spend $1.72 billion (Pakistan Rupees 430 billion) in advertising during the event to capture viewership. ) will add a record amount of up to As the tournament began, data showed that Chinese companies emerged as the largest sponsors, accounting for US$1.4 billion (Pakistani Rupees 350 billion). In particular, this is likely to be the last World Cup tournament for Argentina striker Lionel Messi, considered one of the greatest footballers of all time. It is also very likely that 37-year-old Cristiano Ronaldo will wear the Portuguese colors for the last time. Cooling systems in stadiums, accommodation investments, including private islands, villas, apartments, and hotels are many examples of such huge expenses. show the If we consider only Doha, more than $15 billion (Pakistan Rs. 3.75 trillion) has been spent on the residential complex known as The Pearl, while $36 billion (Pakistan Rs. 9 trillion) has been spent on Doha Metro.

. On top of that, investments in new cities such as Lucille City built around Lucille Stadium include 22 hotels and enough accommodation for two hundred thousand residents

. On top of that, investments in new cities such as Lucille City built around Lucille Stadium include 22 hotels and enough accommodation for two hundred thousand residents, as well as a theme park, two marinas and two golf courses. According to 'The Guardian' on November 21, 2022, the governing body has revealed that FIFA has increased World Cup revenue by more than $1 billion (Pakistani Rupees 250 billion) after moving the tournament to Qatar. FIFA officials estimate that the fortune will generate an additional US$700,000 for the game, along with US$300,000 in emergency Covid funding.

 FIFA has allocated US$440 million (Pakistan Rupees 110 billion) in prize money for the 2022 World Cup, up from $400 million (Rs 100 billion) in 2018 and $358 million (Rs 89.5 billion) in 2014. Qualifying for the event means that each team will pay a participation fee of one and a half million dollars (Rs 375 million).