March Madness generated $1.24 billion in advertising revenue for CBS and Turner in 2016. The two networks pay a combined $800 million per year to broadcast the NCAA tournament and that figure will increase to more than $1 billion beginning in 2024. The advertising revenue generated for CBS and Turner was about $200 million more than the 2016 NBA Playoffs for ESPN/ABC and Turner with their figure hitting $1.031 billion.