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Saturday, November 23, 2024

St. Louis County’s institutions spent $3,595,031 on men’s basketball teams in 2023

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Missouri Baptist University President Keith Ross | Facebook

Missouri Baptist University President Keith Ross | Facebook

St. Louis County spent $3,595,031 on men’s collegiate basketball teams in 2023, representing an 8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $6,320,021, with men’s teams receiving $3,595,031.

Since 2010, the average sports expenses in St. Louis County have grown 228.9%.

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 St. Louis County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,595,0317.4%$48,799,484
2022$3,327,9627.3%$45,787,592
2021$2,508,7026.1%$40,927,344
2020$3,012,0567.1%$42,629,640
2019$2,742,9546.4%$42,901,347

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