In 2024, Miami-Dade County allocated $12,899,625 to women’s collegiate basketball programs, reflecting a 12% rise compared with the previous year, data from the U.S. Department of Education show.
Total expenditures on basketball teams in the county reached $31,689,719, with women’s programs accounting for $12,899,625 of those funds.
Since 2010, Miami-Dade County has seen sports-related expenses increase by 166.6% on average.
Basketball continues as one of the nation’s top college sports alongside football, with high-profile NCAA matchups attracting strong fan attendance and viewership similar to NBA games. Annual tournaments, like March Madness, draw audiences in the millions.
College athletics is amid significant change with the arrival of athlete revenue sharing after a federal settlement authorizing direct payments to players for the first time. As part of this agreement, the NCAA will provide $2.8 billion in retroactive payments over 10 years to athletes who competed between 2016 and the present.
In 2022, following cumulative legislative and legal activity, student-athletes won the ability to earn money from their names, images, and likenesses under newly adopted state laws and NCAA rules.
The NCAA brought in about $900 million in fiscal year 2024, driven primarily by March Madness and related Division I men’s tournament media rights, securing basketball’s place as the group’s largest source of income.
| Year | Basketball team’s expenditures | % from grand total sport team expenditures | Total Sport Team Expenditures |
|---|---|---|---|
| 2024 | $12,899,625 | 4.9% | $260,783,027 |
| 2023 | $11,515,907 | 4.9% | $232,932,018 |
| 2022 | $9,741,149 | 4.6% | $213,282,424 |
| 2021 | $8,004,272 | 5.6% | $143,718,360 |
| 2020 | $9,513,282 | 5.5% | $173,712,478 |
Information in this story was obtained from the U.S. Department of Education. The source data can be found here.
