NCAA Reports Record Revenue of Nearly $1.3 Billion in 2023

Significant increase from previous year bolstered by $62 million in net investment gains.

The NCAA recorded nearly $1.3 billion in revenue for the 2023 fiscal year, marking a significant increase from the previous year.
A substantial portion of the revenue increase was attributed to a $62 million net investment gain, contrasting with the previous year's net investment losses.
The association distributed over $669 million to Division I member schools, reflecting its commitment to supporting collegiate sports.
Facing multiple antitrust lawsuits, the NCAA's financial stability is under scrutiny, with potential damages amounting to billions.
The NCAA's media rights and marketing deals, primarily from the men's basketball tournament, continue to be its primary revenue source.