Florida Gators get paid millions in revenue sharing from the SEC

The Florida Gators have once again reaped the financial benefits of being part of the Southeastern Conference. SEC Commissioner Greg Sankey announced that the conference distributed a record $808.4 million in revenue among its 16 member universities for the 2023-24 fiscal year, which ended on August 31, 2024.

Florida, like the other long-standing SEC members, received a full share of the revenue distribution, amounting to approximately $52.5 million per school. This windfall was generated from lucrative television agreements, postseason bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men’s Basketball Tournament, and NCAA Championships.

“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 stated.

"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.”

We have chronicled before here at Hail Florida Hail how the Gators are in a better position long-term than their in-state foes. As the landscape of college football changes, one thing the Gators can be guaranteed is a seat at the table of a power conference while schools like FSU and Miami are scrambling around the Titanic known as the ACC, trying to cling to whatever life raft is coming their way.

The total SEC payout of $808.4 million marks a significant increase from the $741.0 million distributed in 2022-23. Additionally, SEC schools that participated in bowl games retained a combined $17.7 million, increasing their overall revenue.

And as schools are about to have the ability to pay players directly in addition to having an NIL fund, any increase in revenue for the SEC is only going to help the Gators moving forward.