This is the 704th most frequent Italian word.
sport
An activity involving physical exertion and skill, often competitive.
'Sport' is used here to refer to organized physical activities as a general category that is broadcasted, consumed, or followed as a form of entertainment.
Mi piace guardare lo sport in televisione.
I like watching sports on television.
'Sport' in this sentence denotes a specific physical activity, namely soccer, which people engage in or enjoy as a favorite pastime or activity.
Il calcio è il mio sport preferito.
Soccer is my favorite sport.
'Sport' is utilized in a more abstract sense, addressing the concept encompassing all forms of physical activity advocated for health benefits.