Golf Makes a Big Impact on SWFL Tourism Economy.
GOLF 20/20 – the collaboration of leading organizations representing all segments of the United States golf industry – reports golf's economic impact of $68.8 billion in 2012.
In a study conducted by SRI International, findings are based on several core segments (golf facility operations, golf course capital investment, golfer supplies, tournaments and associations, and charities) and enabled categories (real estate, hospitality and tourism).
When indirect and induced economic activity driven by the golf sector is taken into consideration, a total impact of $176.8 billion was generated.
1.98 million jobs
$55.6 billion wage income
25.7 million golf participants
15,751 traditional golf facilities
In November 2012, GOLF 20/20 announced the game's charitable impact of $3.9 billion.
Golf as a fundraising vehicle includes an estimated 12,000 golf facilities, 143,000 events, 12 million participants and raises $26,300 average per function.