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College football profited more than $210 million from the 2012-13 bowl season

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It's a good time to be in the bowl business.

The long-feared college football Armageddon - the College Football Playoff - has actually turned into a windfall for the entire sport. ESPN will pay out $5.64 billion over the next 12 years, and new bowls are sprouting up in the Bahamas, Miami and possibly other places. 

And then there was this report Wednesday morning, stating that the NCAA's audit of the 2012-13 bowl season turned a profit for every FBS conference. In all, teams collectively took in $300.8 million of the $445.6 million the bowls earned, and spent $90.3 million on the trips. That's a profit of $210.5 million, just north of $3 million per participant or $1.68 million per FBS team.

Of course, that money was not distributed evenly. 

The SEC took in the most money, followed by the Big 12, Big Ten, Pac-12 and ACC. You know how this story goes.

Here's the full chart, courtesy of AL.com:

The SEC raked in the most total profit at $37,516,212, but the 10-team Big 12 earned the most per school at $3,191,025. 

With the coming playoff and conferences staking more of a claim to the bowl process as a whole, both on the front end (selection) and back end (finances, ownership), these numbers will only rise from here.