Report: Football generated over $100 million in revenue for Penn State
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.