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Polk Times

Tuesday, December 3, 2024

Florida: Polk County’s men’s basketball teams budget increases 18.2% in 2023

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David Hoag President | Warner University

David Hoag President | Warner University

Polk County spent $3,188,876 on men’s collegiate basketball teams in 2023, representing an 18.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,414,359, with men’s teams receiving $3,188,876.

Since 2010, the average sports expenses in Polk County have grown 188.4%.

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 Polk County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,188,8767.4%$42,929,908
2022$2,696,8557%$38,483,934
2021$2,126,0176.7%$31,673,174
2020$2,398,7127.4%$32,497,068
2019$2,337,1177.3%$31,847,830

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