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Sunday, December 22, 2024

Marion County’s institutions spent $12,531,433 on men’s basketball teams in 2023

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Dr. Tanuja Singh President | University of Indianapolis

Dr. Tanuja Singh President | University of Indianapolis

Marion County spent $12,531,433 on men’s collegiate basketball teams in 2023, representing a 2.8% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $18,055,336, with men’s teams receiving $12,531,433.

Since 2010, the average sports expenses in Marion County have grown 145.3%.

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 Marion County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$12,531,43316.4%$76,385,041
2022$12,886,12016%$80,288,452
2021$7,728,31113%$59,424,186
2020$9,102,40013.4%$67,778,467
2019$9,271,00813.7%$67,510,550

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