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Saturday, November 23, 2024

St. Francois County’s institutions spent $326,468 on men’s basketball teams in 2023

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Dr. Joseph Gilgour President | Mineral Area College

Dr. Joseph Gilgour President | Mineral Area College

St. Francois County spent $326,468 on men’s collegiate basketball teams in 2023, representing a 21.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $652,823, with the men’s team receiving $326,468.

Since 2010, the average sports expenses in St. Francois County have grown 99%.

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. Francois County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$326,46813.9%$2,354,501
2022$269,26413.9%$1,943,852
2021$279,28715.5%$1,796,099
2020$232,03017.1%$1,358,170
2019$284,69017.7%$1,606,364

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