March Madness money: How do women's teams in the tournament rank?

Of the 64 teams in the NCAA Division I women's basketball tournament, Stanford is No. 1 for how much money it makes, grossing more than $21.4 million – or $1.5 million per player – in 2016, according to a Higher Education Tribune analysis of the latest federal data.

The U.S. Department of Education Office of Postsecondary Education compiles athletics data annually from more than 2,000 schools receiving federal financial aid.

More than 1,900 of those schools have women's basketball programs. In all, they grossed more than $900 million in 2016. Less than a quarter of that – $153 million – belongs to the teams in the tournament. 

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March Madness: Women's college basketball revenue


SchoolTotal UndergraduatesWomen's basketball playersWomen's basketball revenueRevenue per athlete
1Stanford University7,03214$21,440,365$1,531,455
2University of Connecticut18,53812$9,032,881$752,740
3Baylor University14,08731$7,568,184$244,135
4Florida State University29,05115$6,981,167$465,411
5University of Miami10,10223$4,836,983$210,304
6Mississippi State University16,13414$4,731,482$337,963
7University of Virginia15,42030$4,273,169$142,439
8The University of Tennessee20,71925$3,944,384$157,775
9University of Oklahoma18,21825$3,703,885$148,155
10Duke University6,44913$3,605,428$277,341
11University of Missouri-Columbia24,06014$3,541,721$252,980
12Oregon State University18,39521$3,519,817$167,610
13Gonzaga University5,02918$3,503,396$194,633
14Marquette University7,91921$3,431,882$163,423
15DePaul University13,12614$3,057,956$218,425
16University of South Florida23,60315$2,821,037$188,069
17Villanova University6,46924$2,701,148$112,548
18The University of Texas at Austin37,02633$2,689,305$81,494
19George Washington University10,34313$2,594,860$199,605
20Quinnipiac University6,78416$2,575,530$160,971
21University of South Carolina-Columbia23,94729$2,046,234$70,560
22Syracuse University14,32419$1,808,153$95,166
23Liberty University27,10017$1,801,761$105,986
24Creighton University3,97015$1,788,900$119,260
25Seattle University4,46316$1,778,047$111,128
26Western Kentucky University12,96714$1,709,659$122,119
27Elon University5,85412$1,707,578$142,298
28American University6,98116$1,650,501$103,156
29Belmont University5,92523$1,647,069$71,612
30Mercer University4,01214$1,545,815$110,415
31Drake University3,09122$1,540,021$70,001
32University at Buffalo18,73214$1,518,866$108,490
33University of Wisconsin-Green Bay4,04213$1,512,854$116,373
34Saint Francis University1,54016$1,498,820$93,676
35University of Nebraska-Lincoln19,38123$1,474,287$64,099
36Florida Gulf Coast University10,80915$1,430,374$95,358
37Central Michigan University17,07722$1,400,552$63,661
38South Dakota State University8,44215$1,379,137$91,942
39University of Maryland-College Park26,17414$1,373,321$98,094
40Princeton University5,23616$1,369,574$85,598
41University of Maine8,08217$1,332,831$78,402
42California State University-Northridge29,05614$1,326,324$94,737
43University of Louisville12,32515$1,283,617$85,574
44University of Dayton7,86715$1,253,719$83,581
45University of Northern Colorado8,24213$1,184,302$91,100
46North Carolina A & T State University8,65716$1,157,586$72,349
47Texas A & M University-College Station44,97531$1,097,933$35,417
48North Carolina State University at Raleigh20,81814$1,056,295$75,450
49Ohio State University41,66626$974,803$37,492
50University of California-Los Angeles30,32930$933,382$31,113
51University of Iowa20,69021$912,427$43,449
52University of Minnesota28,78239$873,842$22,406
53University of Georgia26,25212$860,481$71,707
54Arizona State University-Tempe38,76145$797,215$17,716
55Nicholls State University4,58514$787,866$56,276
56University of Oregon18,30923$732,760$31,859
57Grambling State University3,59714$654,707$46,765
58Oklahoma State University18,33017$537,336$31,608
59University of California-Berkeley28,10720$476,890$23,845
60University of Michigan27,83343$407,722$9,482
61Boise State University12,35017$367,353$21,609
62Notre Dame College1,24720$354,288$17,714
63University of Arkansas at Little Rock4,42415$330,562$22,037
64Louisiana State University23,03613$327,732$25,210

Source: U.S. Department of Education Office of Postsecondary Education

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