How Profitable is College Athletics?

The Indianapolis Star reports:

Athletic departments at taxpayer-funded universities nationwide receive more than $1 billion in student fees and general school funds and services, according to an Indianapolis Star analysis of the 2004-05 athletic budgets of 164 of the nation's 215 biggest public schools. Without such outside funding, fewer than 10 percent of athletic departments would have been able to support themselves with ticket sales, television contracts and other revenue-generating sports sources. Most would have lost more than $5 million.
Additionally, taxpayers indirectly subsidize athletic departments because college sports are exempt from federal taxes, based on their tie to education. The exemption particularly benefits big schools, which receive up to 40 percent of their athletic revenue from donations, most of which are tax-deductible.

Check out the tables at the bottom of the article.Anyone interested in college athletics should read this article.