(via CNN) How golf helps drive the U.S. economy >>>>>>
Golf contributes US$ 68 billion to the U.S. economy… World Golf Foundation
President Barack Obama’s love of golf is well documented, one report even claiming he spends more time on the course than in economic meetings. ”One, he’s arguably the busiest man in the world with the toughest job in the world, but he can make time to play. He played five times on his recent vacation in Martha’s Vineyard.
The tournaments such as the Masters at Augusta and competitions run by the PGA of America, the PGA Tour, the USGA, and the LPGA generated approximately $1.2 billion in 2011
The golf industry is larger than the spectator sports and performing arts industries combined,” WGF chief executive Steve Mona told CNN.
Employs close to two million Americans with a combined wage income of $55.6 billion.
There are two economies in golf. There’s the participation economy which is about the everyday golf facilities, trying to attract golfers and current players to play as much they can. ”Then there’s the entertainment side of golf too and that’s where the professional tours come in. that relates to the interest of the game.