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Saturday, November 23, 2024

Mahoning County’s institutions spent $2,017,741 on men’s basketball teams in 2023

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Helen K. (Lamb) Lafferty, Ph.D. President | Youngstown State University

Helen K. (Lamb) Lafferty, Ph.D. President | Youngstown State University

Mahoning County spent $2,017,741 on men’s collegiate basketball teams in 2023, representing an 18.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,312,588, with the men’s team receiving $2,017,741.

Since 2010, the average sports expenses in Mahoning County have grown 71.2%.

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 Mahoning County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,017,74110%$20,275,708
2022$1,708,1589.6%$17,773,159
2021$1,359,2509.1%$15,012,819
2020$1,702,11310.4%$16,292,051
2019$1,555,1759.6%$16,206,122

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