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SEC revenue increased $51 million year-over-year according to USA TODAY report

As arguably the best conference in college sports, the SEC rakes in millions of dollars every year and the astronomical revenue earned this past year increased according to a report.

Per Steve Berkowitz, a sports project reporter for USA TODAY, tax records show that the SEC earned $853 million in the 2023 fiscal year, which is an increase of $51 million from 2022 ($802M). The increase is about 6% year-over-year.

Without factoring in inflation, the reported revenue earned in 2021 was $833 million. Therefore, after one down year, the money is flowing once again.

Texas A&M and its 13 conference peers each received an average of $51.3 million in the revenue distribution split. Last year, each school got just under $50 million at $49.9 million.

According to Berkowitz, with Texas and Oklahoma joining the SEC this summer before the next school year, the conference is projected to surpass $1 billion in revenue in 2024-25. With the Pac-12 ceasing to exist, more money will be split among the remaining Power Four conferences.

Another factor is the football TV package now being broadcast on ESPN and ABC as opposed to CBS Sports. For more information on the SEC’s recent revenue increase, check out Berkowitz’s full report on usatoday.com.

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Story originally appeared on Aggies Wire