• Loading stock data...
Thursday, November 14, 2024

U.S. Golf Industry Generated $101.7 Billion Economic Impact in 2022

  • Golf’s U.S. direct economic impact has surged 20% since 2016 to $101.7 billion last year.
  • More than 40 million people played golf in 2022, about 1 in 7 Americans.
41.1 million American played golf in 2022.
Syndication: Arizona Republic

Roughly one in seven Americans played golf in 2022, resulting in a direct economic impact of $101.7 billion, according to a new study from the American Golf Industry Coalition. 

It’s a dramatic 20% increase from golf’s $84.1 billion economic impact that the same study found in 2016. The new study, which was published Tuesday on National Golf Day, says golf’s overall participation in the U.S. has reached 41.1 million people, up from 32 million in 2016.

Last year, almost half (48%) of all golf participants—which includes courses, driving ranges, mini golf, and other golf entertainment venues—were between six and 34 years old. The American Golf Industry Coalition’s study is being touted on the PGA Tour’s website.

“The reality is we’re seeing a rapid evolution of a centuries-old game, with changes that were happening well before the pandemic-driven surges in participation and play,” National Golf Foundation CEO Joe Beditz told the PGA Tour. “These changes are shaping the future of golf in a lot of positive ways. Golf’s participant base isn’t only increasing, it’s getting more diverse – younger, more females, more people of color. More like the U.S. population overall.

The sport’s efforts to reach younger demographics are being boosted by popular golf entertainment facilities from companies such as Callaway’s Topgolf, Drive Shack, and PopStroke, whose investors include Tiger Woods and TaylorMade. 

Rory McIlroy has also invested in immersive mini-golf startup Puttery while competing mini-golf brand Puttshack raised $150 million last year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Caitlin Clark Draws Huge Early-Morning Crowds at LPGA Event

Golf Channel aired Clark’s 18th hole live, after moving up its studio show.

The Caitlin Clark Show Is Hitting the LPGA Tour in a Big..

The WNBA star is playing in an LPGA pro-am this week.
Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Vanderbilt Commodores quarterback Diego Pavia (2) throws the ball as Auburn Tigers take on Vanderbilt Commodores at Jordan-Hare Stadium in Auburn, Ala., on Saturday, Nov. 2, 2024. Vanderbilt Commodores defeated Auburn Tigers 17-7.

Vandy QB Pavia Sues NCAA for 2 More Years of Eligibility

Diego Pavia beat Alabama. Can he beat the NCAA’s eligibility rules?
podcast thumbnail mobile
Front Office Sports Today

Will Drew Brees Return to Broadcasting?

0:00

Featured Today

Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.

Super Bowl Ads Sell Out Three Months Early, at Record Price

Ad units are believed to be selling at more than $7 million per 30 seconds.
October 17, 2024

Netflix Shares Rise on Strong Earnings As Christmas NFL Games Lie Ahead

The next two months will include the Tyson-Paul fight and the NFL Christmas Day games.
October 18, 2024

Skechers Wasn’t Cool. Then NBA Stars Started Wearing Them

The brand is not traditionally cool. Embiid, Randle, and others don’t care.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
September 21, 2024

Fanatics’ NHL Jersey Plan

The sports merchandising giant rolls out four tiers of redesigned NHL jerseys.
A view of a Nike retail store in New York City.
August 15, 2024

Nike Shares Surge As Bill Ackman Invests, Igniting Turnaround Hopes

The billionaire hedge-fund executive holds significant influence in the market.
Topgolf
August 7, 2024

Callaway ‘Disappointed’ With Topgolf, Exploring Spin-Off

Callaway announced a strategic review of Topgolf during its Q2 report.