Penobscot County spent $2,205,686 on men’s collegiate basketball teams in 2023, representing a 26.8% increase from the previous year, according to the U.S. Department of Education.
Overall, basketball teams in the county received a total of $3,954,460, with men’s teams receiving $2,205,686.
Since 2010, the average sports expenses in Penobscot County have dropped 4.3%.
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.
| Year | Basketball team’s expenditures | % from grand total sport team expenditures | Total Sport Team Expenditures |
|---|---|---|---|
| 2023 | $2,205,686 | 7.2% | $30,824,734 |
| 2022 | $1,739,549 | 6.3% | $27,427,645 |
| 2021 | $1,344,400 | 7.1% | $18,904,481 |
| 2020 | $1,658,844 | 7.3% | $22,756,643 |
| 2019 | $1,549,452 | 6.7% | $23,091,761 |
