Embry-Riddle Aeronautical University-Prescott in Arizona allocated $895,172 to its basketball teams in 2024, reflecting a 3.7% reduction compared to the previous year, according to the U.S. Department of Education.
Basketball expenses at the university totaled $895,172 in 2024, representing 14.8% of the institution’s overall spending on all sports teams that year.
The basketball fund received over $171 million in NCAA revenue for the 2023–24 season.
Basketball is one of the most popular sports played at U.S. colleges, alongside football. NCAA basketball teams are often as popular as NBA teams, with tournaments like March Madness drawing millions of viewers annually.
| Year | Basketball teams’ expenditures | % from grand total sport team expenditures |
|---|---|---|
| 2024 | $895,172 | 14.8% |
| 2023 | $929,442 | 16.4% |
| 2022 | $752,582 | 13.1% |
| 2020 | $829,137 | 18.2% |
Information in this story was obtained from the U.S. Department of Education. The source data can be found here.
