25 September 2020

From USA Facts > Coronavirus, football, and colleges' bottom lines

                          

The financial side of football

 

As college football resumes at some institutions and is still in question at others, the COVID-19 pandemic continues to endanger the safety of sports, its athletes, and college communities alike. For many colleges and college towns, the loss of football means more than just a lost community activity—it may mean the loss of tens of millions of dollars. Take a look at the data and see how every Power Five school stacks up both by conference and overall

 


 

  • Athletics constitutes a small portion of revenue for most colleges, however, football profits often comprise a large portion of an institution’s revenue. At Texas Christian University, football revenue totaled $65.4 million in the 2017-18 school year, nearly 10% of the intuition’s $684 million overall revenue that year.
     
  • Football revenue is typically equivalent to an average of 3.5% of all institution revenue at the 64 Power Five schools — colleges and universities that make up conferences in the highest level of Division I athletics. Revenue may be spent on improved resources for football or other athletic programs, or on more comprehensive, university-wide programs.
     
  • The Big Ten conference, which includes the University of Michigan and the Ohio State University, has the highest average net football profit of any league. After previously postponing football and other fall sports, the Big Ten is now moving forward with plans for the 2020 football season. The second-most profitable league, the SEC, has already begun its modified 2020 season.
     
  • For schools with large programs, the loss of football may constitute drops in both revenue and expenses, on top of other changes in room and board, and food services, endangering some colleges’ financial futures. The impact of postponed and canceled fall seasons are likely to extend beyond campuses, meaning lost revenue for college town businesses.

See more about college football revenue here.


 

Who gets flu shots?

While the nation discusses the need for a coronavirus vaccine, flu season is also fast approaching. The federal government’s goal is to vaccinate 70% of the public against the flu; the latest data shows that less than half of Americans get vaccinations


 

  • Children are more likely to be vaccinated than adults. During the 2018-19 season, 62.6% of children between six months and 17 years got a flu shot, while only 45.3% of adults did.
     
  • According to the Centers for Disease Control and Prevention, the flu vaccine prevented an estimated 4.4 million influenza cases in the 2018-19 season.
     
  • That same flu season, 60.4% of Rhode Islanders were vaccinated, the highest rate of any state. Nevada had the lowest rate at 37.8%.

How does your state compare? See the report, including a map tracking vaccinations by state, to understand how rates have changed since 2011.


 

Who has health insurance? 

Newly released Census Bureau data shows that 21.6 million Americans did not have health insurance in 2019. Last year was also the first without an individual mandate penalty for not having health insurance.  

  • An estimated 68% of Americans had private health insurance at some point in 2019, while 34.1% had public insurance, and 8% had none. This adds up to more than 100% because people might have several forms of insurance over the year. Employment-based insurance, used by nearly 183 million people, was the most common form of insurance coverage.
     
  • The state uninsured rate varied from a low of 3% in Massachusetts to a high of 18.4% in Texas. Between 2018 and 2019, the uninsured rate increased in 19 states and remained the same in 30 states. Only Virginia had a decrease.
     
  • The coronavirus pandemic has caused record unemployment and many Americans have likely lost their employment-based health insurance

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