27 November 2024
A landmark report has revealed the profound financial and social worth of Gaelic video games, marking a primary for Irish sport. Unbiased analysis carried out by main worldwide consultants estimates the Social Worth of Gaelic video games at a staggering €2.87 billion yearly.
The Social Return on Funding (SROI) evaluation reveals that each €1 invested in Gaelic video games generates a societal return of at the very least €2.30, probably reaching €3.96.
Commissioned by the GAA, LGFA, and Camogie Affiliation, the examine was carried out by Sheffield Hallam College’s Sport Business Analysis Group, with help from Manchester Metropolitan College and Ulster College. Over 13 months, researchers analyzed monetary knowledge from nationwide, provincial, and county our bodies, in addition to over 500 Gaelic video games golf equipment. This complete assessment highlights each financial contributions and the immense worth pushed by greater than 1,600 volunteer-led golf equipment.
Key Findings of the Report
1. Social Worth Breakdown (€2.87 billion):
Well being Advantages: €31.06 million
Subjective Wellbeing: €556.48 million
Social Capital: €1.224 billion
Alternative Worth of Volunteering: €1.056 billion
2. Financial Contributions:
Shopper Spending: €377 million (7.8% of the game trade)
Gross Worth Added (GVA): €710 million (8.7% of the game trade)
Employment: 10,600 full-time equal jobs (9.8% of the game trade)
Whole Financial Exercise: €1.619 billion (10.2% of the game trade)
Authorities Income: €192.6 million in direct and oblique taxation
3. Influence of Main Occasions:
The 2024 Ulster Senior Soccer Championship Closing contributed €1.5 million to Clones and €2.1 million to County Monaghan.
The 2024 Munster Senior Hurling Championship Closing introduced €3.2 million to Thurles and €4.5 million to County Tipperary.
Skilled and Management Views
Professor Simon Shibli, lead researcher, commented:“This report demonstrates the twin advantages of Gaelic video games: they’re each economically advantageous and socially invaluable.”
GAA President Jarlath Burns said:“For the primary time, we’ve got concrete knowledge confirming what we’ve lengthy believed—Gaelic video games create extraordinary worth for communities and the financial system throughout Eire. This landmark examine underscores the significance of continued funding in sport and its societal advantages.”
Camogie Affiliation President Brian Molloy emphasised the function of volunteers:“This report quantifies the unbelievable worth of the work carried out by our volunteers and highlights the constructive impression of our video games on well being, wellbeing, and the financial system.”
LGFA President Mícheál Naughton added:“This evaluation reveals how deeply rooted Gaelic video games are within the lives of Irish individuals, benefiting each psychological and bodily well being whereas additionally bolstering Eire’s financial energy. It paves the best way for a powerful future for our sports activities.”
A Pioneering Second for Irish Sport
This detailed evaluation establishes Gaelic video games as a cornerstone of Irish life, benefiting society and the financial system on an unprecedented scale. As the primary report of its variety in Irish sport, it units a benchmark for measuring the worth of sports activities in communities and underscores the essential function performed by volunteers in sustaining and rising these actions.
For extra info, go to GAA.ie.
