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Report: Football generated over $100 million in revenue for Penn State
Published:
Penn State generated over $100 million in revenue for the 2017-18 fiscal year, according to a report from StateCollege.com.
Recently, StateCollege.com obtained the financial report from Penn State University Athletics, showing that the school brought in $100,240,568 million for the fiscal year, which ended June 30, 2018. That total is a dramatic increase from previous seasons.
In 2016-17, the program generated $81.2 million.
According to the report, Penn State raked in $34 million in ticket sales and nearly $33 million for media rights. In total, the athletic department generated $165,373,274 in revenue for the 2017-18 fiscal year. It earned a net profit of $10.18 million.
The total revenue figure is up by over $20 million from the previous year, as Penn State athletics brought in $144,017,055 in revenue in the 2016-17 fiscal year.
Dustin grew up in the heart of Big Ten country and has been in sports media since 2010. He has been covering Big Ten football since 2014. You can follow him on Twitter: @SchutteCFB