A study released at the PGA Merchandise Show on Thursday said that golf added $76 billion to the U.S. economy in 2005.
Resorts, equipment makers, authors and rental car companies are making money through the sport, the release said.
This number is up from $62 billion that was reported in 2000.
This is a very positive outlook for the golf community – the numbers exceed motion pictures ($74 billion), spectator sports ($65 billion), and newspapers ($50 billion), and it climbed 60 percent faster than inflation, study by Menlo Park, a California based consulting company said.
Golfers purchased $6.1 billion worth of golf supplies, $3.7 billion equipment, $1.5 billion in apparel, $860 million in magazines and $65 million in book in 2005.
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