The Ohio State athletic department's budget deficit from the 2024 fiscal year was $37.7 million, according to figures it submitted to the NCAA.

Having success in college athletics means a willingness to spend money. Ohio State's athletic department was no exception last year. Per Sportico's

Ohio State reported an operating deficit of $37.7 million with expenses totaling $292.3 million during the 2024 fiscal year.

Ohio State's athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation.

Ohio State said one issue affecting the athletics department budget was that the football team's home schedule last year included just six games at Ohio Stadium. Ohio State University's Athletics Department recorded a $37.

On paper, it may have looked like Ohio State football single-handedly dominated its College Football Playoff competition, but reality tells a different story.