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Saturday, November 23, 2024

Missouri: Marion County’s men’s basketball teams budget increases 33.6% in 2023

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Dr. Robert J. Matz President | Hannibal-Lagrange University

Dr. Robert J. Matz President | Hannibal-Lagrange University

Marion County spent $343,896 on men’s collegiate basketball teams in 2023, representing a 33.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $522,387, with the men’s team receiving $343,896.

Since 2010, the average sports expenses in Marion County have dropped 25.7%.

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 Marion County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$343,89619.3%$1,781,353
2022$257,33911.3%$2,279,817
2021$187,2087.9%$2,366,289
2020$215,2948.7%$2,474,194
2019$249,16710.6%$2,340,015

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