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Thursday, November 7, 2024

Penobscot County's men's football teams receive $5,427,818 in 2023

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Dr. Joan Ferrini-Mundy President | University of Maine

Dr. Joan Ferrini-Mundy President | University of Maine

Penobscot County spent $5,427,818 on men's collegiate football teams in 2023, an increase of 10.4% over the previous year, according to the U.S. Department of Education.

This translates to roughly 17.6% of all spending for sports teams at the two universities in the county during the 2023 season.

The average sports expenses at Penobscot County have dropped 4.3% since 2010.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Men's Football Team's Expenditures in Penobscot County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$5,427,81817.6%
2022$4,915,81017.9%
2021$3,577,85318.9%
2020$4,969,92221.8%
2019$4,729,38520.5%

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