The main aim of this systematic review is to analyse the most recent literature regarding the relationship between sports tourism and its economic impact on a specific region. This research employed a systematic literature review methodology following PRISMA guidelines. A total of 64 relevant articles were identified through comprehensive searches across databases, resulting in the selection of 14 articles that met the established inclusion criteria for the study. The studies were analysed and synthesized to identify the key economic benefits and challenges of hosting sporting events. The review identified that sports tourism positively impacts regions by attracting tourists, creating job opportunities, and generating revenue for local businesses. Both small-scale and major sports events can potentially contribute to regional economic development. However, proper planning and management are essential to ensure that the benefits are maximized and that any negative impacts are minimized. There is need for further research to identify best practices for maximizing the economic benefits of sport tourism and to explore its potential for sustainable economic development.