Penn State athletics pulled in over $165 million in revenue during the 2017-18 fiscal year, a figure that is ninth best in the nation according to a USA Today database released on Monday morning.
As per most years, Texas finished atop the list with nearly $220 million in athletics revenue while Ohio State and Michigan both finished inside the top five at No. 3 and No. 4 respectively.
According to Penn State athletics' financial report to the NCAA for the 2017-18 fiscal year, Penn State football brought in more than $100 million in revenue, dwarfing previous figures. The Nittany Lions took in $34 million from ticket sales alone and $32.65 million for media rights.
The official total per the report sits at $100,240,568 million for the fiscal year ending June 30, 2018, which is up from 2016-17 when the program brought in $81.2 million and just $68 million in fiscal year 2013-14. Football costs were just over $45.2 million.
StateCollege.com reported on these figures earlier this year. In total, Penn State experienced a revenue increase of nearly $100 million since the earlier reported figure in 2005 and a $20 million increase during the previous, 2016-17 fiscal year.
You can see the top nine schools on the USA Today's database below, and read the entire report here.
Revenues Expenses
1 | Texas | Big 12 | $219,402,579 | $206,554,432 | ||
2 | Texas A&M | SEC | $212,399,426 | $165,782,418 | ||
3 | Ohio State | Big Ten | $205,556,663 | $203,809,715 | ||
4 | Michigan | Big Ten | $195,769,104 | $183,414,032 | ||
5 | Alabama | SEC | $177,481,937 | $166,533,013 | ||
6 | Georgia | SEC | $176,699,893 | $133,941,585 | ||
7 | Oklahoma | Big 12 | $175,325,500 | $152,674,475 | ||
8 | Florida State | ACC | $168,177,850 | $158,375,459 | ||
9 | Penn State | Big Ten | $165,373,214 | $155,184,697 |