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Juggernaut: Ohio State athletics generated almost $280 million in 2023 fiscal year

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Juggernaut: Ohio State athletics generated almost $280 million in 2023 fiscal year


Ohio State’s athletic department had a record-breaking year in operating revenue in the 2023 fiscal year by generating almost $280 million.

The only athletic program ever to generate more was Oregon four years ago, but that was driven mostly by a $270 million contribution to renovate its track and field stadium.

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Ohio State reported revenue of just over $279.5 million with expenses of more than $274.9 million. Ohio State’s revenue total edged out Texas A&M for the most nationally. Ohio State hired Texas A&M athletic director Ross Bjork last week to succeed the retiring Gene Smith. Michigan, Alabama and Georgia have not made their 2023 reports public.

More: Want a clue about Bill O’Brien running Ohio State’s offense? His Penn State QBs gave raves

A year ago, OSU reported revenue of $251. 6 million for fiscal year 2022 (July 1-June 30).

The new figures are from Ohio State’s annual financial report to the NCAA, which was obtained Tuesday through an open-records request by The Columbus Dispatch and USA TODAY Network in partnership with the Knight-Newhouse Data project at Syracuse University. 

More: Ohio State adds 2024 5-star quarterback Julian Sayin through transfer portal from Alabama

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Ohio State’s revenue increased $28 million from fiscal year 2022, an increase of about 11%. Most of that came from more football ticket sales and because Ohio State had eight home games in 2022 compared to seven in ’21. Next year’s figure is expected to be lower because OSU had only six home games last season.

Ohio State’s football program generated more than $127 million in fiscal 2023 with a surplus of $55 million. Men’s basketball had revenues over $24 million with a profit of almost $10 million. Those sports subsidized the rest of OSU’s 34 sports, which had costs exceeding revenues by almost $56 million.

Ohio State had a big increase in revenue from royalties, licensing, advertising and sponsorships, going from $30 million the previous year to almost $43 million.

Contributions, however, decreased more than $5 million to under $58 million.

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On the expense side, Ohio State reported more than $41 million for athletically-related facilities annual debt service. In the prior fiscal year, that amount was $15.6 million. Ohio State has built several new venues in recent years, including the Covelli Center, the Ty Tucker Tennis Center, a new lacrosse stadium, and the Schumaker Complex that was added on to the Woody Hayes Athletic Center.

Get more Ohio State football news by listening to our podcasts.

USA Today sports projects editor and reporter Steve Berkowitz contributed to this story.



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Ohio

Ohio agencies issue warning on alcohol, cannabis and boating laws – The Tribune

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Ohio agencies issue warning on alcohol, cannabis and boating laws – The Tribune


Ohio agencies issue warning on alcohol, cannabis and boating laws

Published 5:00 am Sunday, June 16, 2024

Staff report

COLUMBUS — As Ohioans prepare for fun and adventure during the upcoming summer boating season, the Ohio Department of Commerce Divisions of Liquor Control and Cannabis Control and the Ohio Department of Natural Resources (ODNR) are emphasizing the importance of adhering to alcohol, cannabis and boating laws to ensure a safe and enjoyable experience on Ohio’s waterways.
Alcohol consumption and cannabis use while operating a boat pose a serious risk to both the operator and passengers. In Ohio, it is illegal to operate a boat with a blood alcohol concentration (BAC) of 0.08% or higher or be under the influence of marijuana, just as it is illegal to drive a car. The consequences of boating under the influence can be severe, leading to accidents, injuries and even fatalities.
“We make safety a top priority so people can enjoy Ohio’s rivers and lakes,” said ODNR Director Mary Mertz. “We urge every Ohioan and visitor to follow the law by boating sober and wearing a life jacket this summer. Those simple steps will help keep you, your loved ones, and fellow boaters safe.”
The Division of Liquor Control and Division of Cannabis Control emphasize responsible alcohol and cannabis consumption both on land and on the water, and remind Ohioans that open container laws still apply on publicly owned waterways. Boaters are encouraged to designate a sober operator if substances will be consumed during their outing that could cause impairment, ensuring that everyone on board can enjoy the day responsibly.
“Alcohol and boating do not mix,” said Jaqueline DeGenova, superintendent of the Division of Liquor Control. “We urge all boaters to prioritize safety by staying sober while operating a vessel and responsibly enjoying Ohio’s waterways.”
“With the legalization of non-medical cannabis use in Ohio following the passage of Issue 2 last November, it is critically important that individuals who choose to consume cannabis products fully understand the unique impact these products have on them,” said Jim Canepa, superintendent of the Division of Cannabis Control. “Anyone who chooses to use these products are urged to do so in a safe and responsible manner, and should never operate a boat or any other kind of vehicle while under the influence.”
ODNR is highlighting enforcement efforts to crack down on boating while under the influence. Patrols will be vigilant in monitoring watercraft for any signs of impairment and will take swift action to remove impaired operators from the water to prevent accidents and safeguard the public.
The Division of Liquor Control is part of the Ohio Department of Commerce. The department is Ohio’s chief regulatory agency, focused on promoting prosperity and protecting what matters most to Ohioans.
To learn more about what the agency does, visit its website at www.com.ohio.gov.

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For more information on Ohio’s alcohol and boating laws, please review the following resources:



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Helen (Dicu) Guiler, Salem, Ohio

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Helen (Dicu) Guiler, Salem, Ohio


SALEM, Ohio (MyValleyTributes) – Elena “Helen” Guiler, 90, of Salem, went to our Lord’s home on June 14, 2024.

She was born May 20, 1934, in Sibiel, Romania, Europe. She was the daughter of the late John and Maria Dicu.

Helen was a 1954 graduate of Salem High School.

She was a member of First United Methodist Church, where she served as captain of the women’s usher team, was a member of the Home Builder’s Sunday School Class, the Fadley Women’s Group and United Methodist Women. Helen also served on many church operation committees. Her love for her family was her passion in life.

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She leaves behind her son, Scott Guiler and daughter-in-law, Diane; grandsons, JP and Scott Jr.; granddaughter-in-law, Sarah; great-granddaughter, Ellie Nicole and great-grandson, Scott Alan III.

She believed in giving back and helping others. She served on the Columbiana County Citizens Welfare Committee as well as the YWCA Board of Directors. Helen was also a member of the Salem Garden Club. She volunteered for over 40 years for A.I.D. (Aid, Information, Direction) for the Salem Regional Medical Center and the Salem Food Pantry. She worked at Mullins Manufacturing in the accounting department, Firestone Health Center and Sanor Insurance Agency.

Her husband, John P. Guiler, whom she married July 2, 1955, and two sisters preceded her in death.

At her request, there will be no calling hours. A private celebration of her life will be held for immediate family only. Arrangements are being made by Stark Memorial Funeral Home. She will be laid to rest at Hope Cemetery.

Memorial donations may be made to First United Methodist Church, 244 S. Broadway, Salem, Ohio.

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Arrangements handled by Stark Memorial Funeral Home & Cremation Services.

To send flowers to the family or plant a tree in memory of Helen (Dicu) Guiler, please visit our floral store.

A television tribute will air Monday, June 17 at the following approximate times: 5:17 a.m. on WKBN, 8:39 a.m. on FOX, 5:21 p.m. on WYTV and 6:35 p.m. on MyYTV. Video will be posted here the day of airing.



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Local animal charity holds purse fundraising event

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Local animal charity holds purse fundraising event


BOARDMAN, Ohio (WKBN) — One local organization is looking to help fund its new facility after holding a purse raffle earlier today.

Animal Charity of Ohio held its first-ever Purses and Paws raffle event at its new location on Southern Boulevard in Boardman.

There were purse raffles for almost 30 designer bags, including Kate Spade, Michael Kors and Juicy Couture.

There were also chances to win basket raffles and Animal Charity merchandise you could buy.
Jane MacMurchy with Animal Charity of Ohio says the goal is to raise $1,000.

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“We still have one million dollars worth of work left, but we’re hoping with every single event like this that we hold is going to continue to chip away at it,” Jane MacMurchy with the Animal Charity of Ohio said.

The grand opening for Animal Charity of Ohio’s new facility is scheduled for June 24.



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