SEC schools received $52.5 million each for the fiscal year ending 2023-24, as part of the conference’s annual revenue distribution.

The SEC took in $808.4 million, which was divided evenly among the 14 schools who were part of the conference for the entire fiscal year. Texas and Oklahoma, which joined the SEC on July 1, received $27.5 million each in broadcast revenue and refundable application fees paid in a previous year.

“The SEC’s annual distribution of revenue helps member universities maintain strong athletics programs while supporting the academic and athletic ambitions of thousands of student-athletes across the conference,” Sankey said. “As the entire college athletics enterprise works through significant change, SEC universities are uniquely positioned to provide new financial benefits for student-athletes while continuing to deliver transformative, life-changing college experiences.

“Beyond providing an exceptional, debt-free education, this experience includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for SEC student-athletes.”

The total SEC revenue included $790.7 million distributed directly from the conference office, as well as $17.4 million for schools that participated in bowl games. The bowl payouts were retained by the schools.

The total revenue figure was generated from television agreements, post-season bowl games, the College Football Playoff, the SEC football championship game, the SEC men’s basketball tournament, and various NCAA championship events such as the NCAA basketball tournament and College World Series.

The SEC’s annual revenue for the past fiscal year was up from $741 million in 2022-23, an average of $51.3 million per school (not including bowl games).