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Sunday, December 22, 2024

Mercer County’s institutions spent $4,736,806 on men’s basketball teams in 2023

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Gregory G. Dell’Omo, President | Rider University

Gregory G. Dell’Omo, President | Rider University

Mercer County spent $4,736,806 on men’s collegiate basketball teams in 2023, representing a 10.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $7,861,578, with men’s teams receiving $4,736,806.

Since 2010, the average sports expenses in Mercer County have grown 102.5%.

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 Mercer County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$4,736,8067.2%$65,671,225
2022$4,302,8207.3%$58,682,508
2021$2,157,9554.9%$44,089,263
2020$4,037,3517.3%$55,633,010
2019$4,069,8707.7%$52,842,183

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