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Saturday, September 21, 2024

Tarrant County’s institutions spent $17,611,229 on men’s basketball teams in 2023

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Jennifer Cowley President | The University of Texas at Arlington

Jennifer Cowley President | The University of Texas at Arlington

Tarrant County spent $17,611,229 on men’s collegiate basketball teams in 2023, representing a 14.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $28,199,809, with men’s teams receiving $17,611,229.

Since 2010, the average sports expenses in Tarrant County have grown 180.6%.

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 Tarrant County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$17,611,22910.1%$174,453,152
2022$15,364,1469.4%$163,121,938
2021$13,449,03310.8%$124,685,440
2020$16,359,90211.7%$139,895,701
2019$18,950,37213.2%$143,235,573

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