After a one-year downturn in revenue, the Southeastern Conference returned to its usual path of increasing income during its 2023 fiscal year, the conference’s new federal tax records show.
The document – provided by the conference on Thursday in response to a request from USA TODAY Sports ‒ shows the SEC with total revenue of nearly $853 million for a year ending Aug. 31, 2023, about $50 million more (6%) than its total for 2022.
That resulted in an average of about $51.3 million being distributed to each of its 14 member schools.
Not adjusting for inflation, the total was a little more than $833 million in 2021.
The new total appears to put the SEC on a path toward $1 billion to $1.1 billion in revenue in its 2024-25 fiscal year, when Oklahoma and Texas will join the conference, ESPN/ABC will take over the Saturday afternoon football TV package that CBS has held and the College Football Playoff will expand to 12 teams from four, while the number of power conferences will shrink to four from five
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