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.

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.

In the last 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. The university said the athletics department made just over $254 million in the 2024 fiscal year (July 1,