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Economic impact of FSU not going to bowl game

Economic impact of FSU not going to bowl game
Economic impact of FSU not going to bowl game
Posted at 5:12 PM, Nov 27, 2018
and last updated 2018-11-27 17:12:00-05

TALLAHASSEE, Fla. (WTXL) - The Florida State University football team won't be going to a bowl game this season.

The record streak ended Saturday at 36. 

With bowl games come money, but how does this year impact FSU financially? 

Millions of dollars are given to athletic conferences and schools every year for bowl games. The bigger the game, the bigger the payout.

For example, the Orange Bowl paid each team around $27.5 million last year, according to Forbes.com. FSU played in the Orange Bowl in 2016.

Postseason play also means a big price tag for bowl games. 

For last year's Independence Bowl, FSU and Southern Miss were responsible for spending nearly $8 million.

Even though FSU won't be in a bowl game this season, the school can still get money from the conference.

An Orange Bowl spokesperson explained the ACC distributes a portion of its payout to qualifying schools in the conference. 

Forbes reports that each qualified school in the ACC received $300,000 last season.

Now, no bowl game means less money coming in to the athletic department budget for FSU.

We asked the school and the ACC about how much money FSU received for the past three bowl games it played in.

We're waiting to hear back.