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Friday, November 1, 2024

Lancaster County’s institutions spent $10,609,809 on men’s basketball teams in 2023

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Rodney D. Bennett, Chancellor | University of Nebraska-Lincoln

Rodney D. Bennett, Chancellor | University of Nebraska-Lincoln

Lancaster County spent $10,609,809 on men’s collegiate basketball teams in 2023, representing a 2.4% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $15,998,857, with men’s teams receiving $10,609,809.

Since 2010, the average sports expenses in Lancaster County have grown 135.1%.

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 Lancaster County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$10,609,8096.4%$165,061,675
2022$10,866,6138.5%$127,560,177
2021$10,467,37610.4%$101,000,147
2020$11,293,3909.5%$118,398,621
2019$9,499,8337.8%$121,497,958

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