Leicester's fairytale campaign saw them finish 10 points clear at the top of the table but television revenue meant they still pocketed less than Arsenal, Tottenham Hotspur, Manchester City and Manchester United.
Arsenal were the biggest earners, their £100,952,257 ($205.4 million) making them the first club in history to receive more than £100 million from the Premier League.
Claudio Ranieri's side took £93,219,598 ($189.5 million), including just over £24.8 million ($50.5 million) for winning the title, but almost £9 million ($18.3 million) less than Arsenal in "facility fees" as only 15 of their matches featured live on television, 12 fewer than the Gunners.
Leicester's total, however, amounts to £21.6 million ($43.9 million) more than they earned for the 2014-15 season when they finished 14th.
Tottenham also pipped the champions, earning a total of £95,222,320 ($193.7 million), although Spurs' final-day capitulation against Newcastle United cost them an extra £1.2 million ($2.4 million) they would have made for finishing second.
Manchester City earned just under £97 miilion ($197.4 million) and Manchester United only slightly less with a little over £96.4 million ($196.2 million).
Bottom-club Aston Villa still took £66.6 million ($135.5 million).
The rules of the 2015-16 season mean that 50 per cent of UK broadcast revenue was split equally, ensuring the 20 clubs banked £21.9 million ($44.6 million) each.
Overseas television revenue and central commercial revenue were also divided across the teams, paying out another £29.4 million ($59.8 million) and £4.5 million ($9.2 million) respectively to every top-flight club.
Teams then received different 'merit payments' depending on their placing - spanning from £24,848,100 ($50.6 million) for Leicester to £1,242,405 ($2.5 million) for Villa - and 'facility fees', which is dictated by the number of times they appeared live on television.
Leicester are predicted to pick up an extra £50 million ($101.8 million) from playing in the UEFA Champions League next season while on average clubs are expected to earn an additional £40 million ($81.4 million) each as the new £5.136 billion ($10.5 billion) television deal kicks in.
