Forbes releases 21st annual NFL team valuations

• The NFL is one of the world's most lucrative sports, according to a new report from Forbes.
• The Dallas Cowboys just became the first team to reach a valuation of $5 billion.

Tavon Austin #10 of the Dallas Cowboys celebrates a first quarter touchdown against the New York Giants at AT&T Stadium on September 16, 2018 in Arlington, Texas. 

Tom Pennington | Getty Images

The National Football League continues to be one of the world's most lucrative sports leagues, according to a new report from Forbes. Despite the Dallas Cowboys' 23-year hiatus from the Super Bowl, they've made their way to the top spot in earnings, becoming the first sports team to reach a value of $5 billion.

The average NFL team is worth $2.57 billion, increasing 2 percent since last year, according to Forbes.

Here are the top 10 NFL teams, ranked by value:

Philadelphia Eagles quarterback Carson Wentz celebrates after winning Super Bowl LII against the New England Patriots at US Bank Stadium in Minneapolis, Minnesota, on February 4, 2018. The Eagles won 41-33.

Timothy A. Clary | AFP | Getty Images

10: Philadelphia Eagles. Worth $2.75 billion, owned by Jeffrey Lurie.

Johnson Bademosi #20 of the Houston Texans celebrates with Josh Keyes #49 and Justin Reid #38 after intercepting a pass in the third quarter during a preseason football game at NRG Stadium on August 18, 2018 in Houston, Texas. 

Bob Levey | Getty Images

9: Houston Texans. Worth $2.8 billion, owned by Robert McNair.

New York Jets linebacker Darron Lee (58) celebrates scoring a touchdown during a regular season game between the New York Jets and the Detroit Lions on September 10, 2018 at Ford Field in Detroit, Michigan. New York defeated Detroit 48-17. 

Scott Grau | Icon Sportswire | Getty Images

8. New York Jets. Worth $2.85 billion, owned by the Johnson family.

Chicago Bears cornerback Doran Grant (35) celebrates after returning an interception for a touchdown in the 1st quarter during an NFL preseason football game between the Buffalo Bills and the Chicago Bears on August 30, 2018, at Soldier Field in Chicago, IL. 

IDaniel Bartel | Icon Sportswire | Getty Images

7. Chicago Bears. Worth $2.9 billion, owned by the McCaskey family.

San Francisco 49ers running back Raheem Mostert (31) celebrates a big hit during the NFL preseason game between the San Francisco 49ers and the Houston Texans on August 18, 2018 at NRG Stadium in Houston, Texas.

Daniel Dunn | Icon Sportswire | Getty Images

6. San Francisco 49ers. Worth $3.05 billion, owned by Denise DeBartolo York and John York.

Brian Quick #83 of the Washington Redskins celebrates after catching a first half touchdown pass against the Baltimore Ravens during a preseason game at M&T Bank Stadium on August 30, 2018 in Baltimore, Maryland. 

Rob Carr | Getty Images

5. Washington Redskins. Worth $3.1 billion, owned by Daniel Snyder.

Los Angeles Rams (42) John Kelly (RB) celebrates after running the ball for a touchdown during an NFL preseason game between the Houston Texans and the Los Angeles Rams on August 25, 2018 at the Los Angeles Memorial Coliseum in Los Angeles, CA. 

Chris Williams | Icon Sportswire | Getty Images

4. Los Angeles Rams. Worth $3.2 billion, owned by Stanley Kroenke.

Ray-Ray Armstrong #55 of the New York Giants celebrates against the New York Jets during their preseason game at MetLife Stadium on August 24, 2018 in East Rutherford, New Jersey. 

Jeff Zelevansky | Getty Images

3. New York Giants. Worth $3.3 billion, owned by John Mara and Steven Tisch.

Tom Brady #12 and Rob Gronkowski #87 of the New England Patriots on February 4, 2018 in Minneapolis, Minnesota. 

Elsa | Getty Images

2. New England Patriots. Worth $3.8 billion, owned by Robert Kraft.

Tavon Austin #10 of the Dallas Cowboys celebrates a first quarter touchdown against the New York Giants at AT&T Stadium on September 16, 2018 in Arlington, Texas. 

Tom Pennington | Getty Images

1. Dallas Cowboys. Worth $5.0 billion, owned by Jerry Jones.