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Lake County Gazette

Tuesday, November 5, 2024

Illinois: Lake County’s men’s basketball teams budget decreases 61.9% in 2023

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Jill M. Baren, President, Lake Forest College | Lake Forest College

Jill M. Baren, President, Lake Forest College | Lake Forest College

Lake County spent $269,635 on men’s collegiate basketball teams in 2023, representing a 61.9% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $494,453, with men’s teams receiving $269,635.

Since 2010, the average sports expenses in Lake County have grown 32%.

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 Lake County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$269,6355%$5,341,468
2022$707,6387.3%$9,749,463
2021$569,8466.5%$8,792,698
2020$647,2577.9%$8,213,485
2019$677,9957.2%$9,400,086

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