The Premier League, its clubs and players paid a combined £2.4 billion in tax during the 2013-14 season to create a "cycle of growth," according to a report by Ernst & Young (EY).
The Economic Impact Assessment from EY, one of the "big four" audit firms, found that Premier League footballers contributed £891 million -- over a third -- of the £2.4bn paid by the league, the players and all 20 clubs for the campaign.
EY found that the Premier League supports 103,354 full-time jobs at a worth of £3.4bn to the United Kingdom's economy, while the tax received could fund 93,000 full-time police constables.
EY's chief economist Mark Gregory said of the findings: "The success of the Premier League, which is grounded in the quality of the football competition, has created a cycle of growth.
"This should help ensure that the significant contribution to the UK economy and society will continue to increase in years ahead."
In February the Premier League announced a 70 percent increase in the value of its British television rights for the 2016-19 seasons, with Sky and BT paying a combined £5.136 bn ($7.8bn) to show games.
The new deals will see even more money flood in to the top flight, with the broadcasters paying more than £10m ($15.2m) to screen each game.
It leaves the rest of club football across the world far behind in terms of domestic television income compared to the Premier League.