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Friday, November 15, 2024

Fulton County's universities spent $47,662,820 on football teams in 2023

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Ángel Cabrera, President | Georgia Institute of Technology-Main Campus

Ángel Cabrera, President | Georgia Institute of Technology-Main Campus

Fulton County's three colleges invested $47,662,820 on their football teams in 2023, a 28.3% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 29.9% of all money invested on sport teams at the three colleges in the county during 2023.

The average sports expenses at Fulton County have grown 222% since 2010.

Georgia Institute of Technology-Main Campus stood out as the university in Fulton County which received the most football funding during 2023. The institution received $36,173,184 — or 75.9% of all the money destined to football teams.

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.

Football Team's Expenditures in Fulton County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$47,662,82029.9%
2022$37,148,26927.1%
2021$29,125,79227.1%
2020$37,356,89529.9%
2019$40,371,38032.6%

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