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Peoria Standard

Thursday, November 21, 2024

Peoria County’s institutions spent $3,946,239 on men’s basketball teams in 2023

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Stephen Standifird, President, Bradley University | Bradley University

Stephen Standifird, President, Bradley University | Bradley University

Peoria County spent $3,946,239 on men’s collegiate basketball teams in 2023, representing a 15.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,626,405, with the men’s team receiving $3,946,239.

Since 2010, the average sports expenses in Peoria County have grown 81.3%.

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 Peoria County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,946,23920.3%$19,468,832
2022$3,412,94619.3%$17,695,401
2021$2,680,59118.1%$14,801,405
2020$3,412,03720.7%$16,500,287
2019$3,778,66020.9%$18,101,314

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