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Tuesday, November 12, 2024

Polk County’s institutions spent $4,448,311 on men’s basketball teams in 2023

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Marty Martin j, President | Drake University

Marty Martin j, President | Drake University

Polk County spent $4,448,311 on men’s collegiate basketball teams in 2023, representing a 6.9% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $7,362,089, with men’s teams receiving $4,448,311.

Since 2010, the average sports expenses in Polk County have grown 89.9%.

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 Polk County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$4,448,31113.5%$32,893,613
2022$4,163,10112.9%$32,251,844
2021$3,450,95712.2%$28,241,351
2020$3,742,48013.3%$28,088,389
2019$3,359,78512.4%$27,161,686

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