The NCAA pulled in more than $1 billion in revenue for the first time in history during the last school year.
The $1.06 billion in revenue from Sept. 2016 through Aug. 2017 is reported in audited financials the organization released on Wednesday.
The majority of the NCAA revenue came from its usual source -- the NCAA tournament. The NCAA pulled in $761 million from the 2017 NCAA tournament. That fee will rise to $869 million this year.
The NCAA also generated $129.4 million in ticket revenue and $60 million in marketing rights for fiscal 2017.
The NCAA's expenses were $956 million.