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Saturday, September 21, 2024

Licking County’s institutions spent $282,012 on men’s basketball teams in 2023

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Adam S. Weinberg, President | Adam S. Weinberg

Adam S. Weinberg, President | Adam S. Weinberg

Licking County spent $282,012 on men’s collegiate basketball teams in 2023, representing a 6.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $499,119, with the men’s team receiving $282,012.

Since 2010, the average sports expenses in Licking County have grown 131.3%.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student-athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in 2020–21.

Men’s Basketball Team's Expenditures of Licking County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$282,0123.4%$8,329,802
2022$264,5223.7%$7,137,176
2021$220,5163.9%$5,712,641
2020$243,9474.1%$5,887,971
2019$240,0133.9%$6,090,441

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