NCAA says it lost $800M in revenue from cancellation of 2020 March Madness

Sportico: The NCAA says it lost more than $800 million in revenue from the cancellation of the men’s basketball tournament last year.

Revenue for the college sports governing body was $519 million in the 12 months ending Aug. 31, according to audited financial statements. That’s a 54% drop from the $1.1 billion that the NCAA brought in the prior year.

NCAA Says It Lost $800 Million in Revenue From Canceled March Madness

The NCAA lost $800 million when it cancelled the 2020 men's basketball tournament, partially covered by a $270 million insurance payment.

Sportico.com

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