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Saturday, November 23, 2024

Pennington County's only university spent $1,588,123 on football teams in 2023

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James Rankin President South Dakota School of Mines and Technology | argusleader.com

James Rankin President South Dakota School of Mines and Technology | argusleader.com

Pennington County's institution invested $1,588,123 on their football teams in 2023, a 10.2% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 32.3% of all money invested on sport teams at South Dakota School of Mines and Technology during 2023.

The average sports expenses at Pennington County have grown 153.5% since 2010.

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 Pennington County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$1,588,12332.3%
2022$1,440,49027.8%
2021$1,303,68933.8%
2020$1,671,86034.6%
2019$1,515,13733.1%

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