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Lake County Gazette

Sunday, November 24, 2024

Lake County's institutions spent $494,453 on basketball teams 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's two universities invested $494,453 on their basketball teams in 2023, a 60.5% decrease from the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 9.3% of all money invested in sports teams in 2023.

The average sports expenses in Lake County have grown 32% since 2010.

Lake Forest College stood out as the university in Lake County that received the most basketball funding during 2023. The institution received $314,550 - or 63.6% of all the money destined to basketball teams.

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 the 2020–21 school year.

Basketball Team's Expenditures in Lake County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$494,4539.3%
2022$1,250,40712.8%
2021$1,054,44612%
2020$1,222,27114.9%
2019$1,257,68713.4%

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