The Ohio State, Texas and Texas A&M athletic programs had over $200m (€176m) in operating revenue during the 2018 fiscal year, reports submitted to the NCAA indicate. Both Texas and Ohio State also recorded over $200m in operating expenses for the fiscal year.
According to The USA Today, this marks the first time in history three public schools crossed the $200m threshold in operating revenue in history.
For Texas A&M it was the second successive fiscal year with over $200m in operating revenue and the fourth consecutive fiscal year where the program brought in over $190 million in operating revenue.
Much of Texas A&M’s revenue has come from large donations. The school has spent millions on capital improvement projects over the last few years, but those figures are not reflected in the operating expenses column which, totalled $165.8m in fiscal year 2018.
Ohio States’ revenue has grown by nearly $50m since 2015, much of it due to improved media contracts for the Big Ten Conference.