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Tuesday, November 5, 2024

Travis County's universities spent $58,732,174 on football teams in 2023

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Jay Hartzell President | The University of Texas at Austin

Jay Hartzell President | The University of Texas at Austin

Travis County's four colleges invested $58,732,174 on their football teams in 2023, a 16% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 27.8% of all money invested on sport teams at the four colleges in the county during 2023.

The average sports expenses at Travis County have grown 75.2% since 2010.

The University of Texas at Austin stood out as the university in Travis County which received the most football funding during 2023. The institution received $58,732,174 — or 100% 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 Travis County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$58,732,17427.8%
2022$50,633,15624.8%
2021$42,702,37326.6%
2020$39,503,07624.2%
2019$43,200,27023%

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