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South Palm Beach Today

Thursday, November 7, 2024

Palm Beach County’s institutions spent $5,431,328 on men’s basketball teams in 2023

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Dr. Debra A. Schwinn President | Palm Beach Atlantic University

Dr. Debra A. Schwinn President | Palm Beach Atlantic University

Palm Beach County spent $5,431,328 on men’s collegiate basketball teams in 2023, representing a 43.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $8,916,330, with men’s teams receiving $5,431,328.

Since 2010, the average sports expenses in Palm Beach County have grown 138.8%.

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 Palm Beach County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,431,3289.4%$57,615,713
2022$3,790,1497.4%$51,431,752
2021$2,846,9776.7%$42,499,410
2020$3,857,9557.7%$49,971,901
2019$3,839,5138.2%$46,846,647

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