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North Little Rock Times

Sunday, December 22, 2024

2023 sees Faulkner County investing $1,764,739 in men’s basketball teams

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Dr. Karen K. Petersen, President | Hendrix College

Dr. Karen K. Petersen, President | Hendrix College

Faulkner County spent $1,764,739 on men’s collegiate basketball teams in 2023, representing an 11.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,131,795, with men’s teams receiving $1,764,739.

Since 2010, the average sports expenses in Faulkner County have grown 108.6%.

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 Faulkner County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,764,7398.2%$21,473,530
2022$1,584,8607.7%$20,526,684
2021$1,336,3317.3%$18,327,853
2020$1,655,6949.4%$17,644,583
2019$1,655,2668.9%$18,632,825

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