Ohio State’s athletic department reported revenue surpassing just a quarter of a billion dollars during the 2022 fiscal year as it rebounded from the decline posted during the height of the coronavirus pandemic.
The department revealed Thursday that it pulled in $251.6 million over the fiscal year spanning from July 1, 2021, to June 30, 2022, as outlined as part of an annual financial statement provided to the NCAA.
The total more than doubled the $106.9 million in revenue generated during the previous fiscal year, a period that included the pandemic shortened football season in 2020 that was played out in front of empty stadiums across the Big Ten, wiping away tens of millions of dollars in potential ticket sales and leading to a significant operating deficit.
It also marked record annual revenue for OSU’s athletic department, which had brought in more than $200 million in only three previous fiscal years. The total revenue of $233.9 million from the 2020 fiscal year, predating much of the pandemic, had been the previous all-time high.
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Ohio State’s revenue second-most posted by an athletic department since 2005
According to public school data collected by USA TODAY in partnership with the Knight-Newhouse Data project at Syracuse University, the revenue earned by Ohio State was the second-most ever posted by an athletic department for one reporting year since 2005.
The amount trailed only Oregon, which amassed $391.8 million in revenue in 2020 in large part due to a “one-time non-cash gift” of a renovation of its renown Hayward Field track-and-field facility valued at $270.05 million. Oklahoma State also reported $241.4 million in…
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Author : USA TODAY Sports
Publish date : 2023-01-26 23:39:12
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