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Saturday, September 21, 2024

Kenton County’s institutions spent $441,814 on men’s basketball teams in 2023

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Joseph L. Chillo President of Thomas More University | linkedin.com

Joseph L. Chillo President of Thomas More University | linkedin.com

Kenton County spent $441,814 on men’s collegiate basketball teams in 2023, representing an 18.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $887,654, with the men’s team receiving $441,814.

Since 2010, the average sports expenses in Kenton County have grown 157.8%.

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 Kenton County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$441,8146.8%$6,468,865
2022$373,1586.9%$5,397,590
2021$301,0956.2%$4,881,947
2020$210,9826.6%$3,189,613
2019$116,9705.1%$2,302,133

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