Counting indirect related spending, the industry’s economic impact on the Show-Me State swells to $1.7 billion, a California-based research firm found.
A new study conducted by California-based SRI International for the Missouri Alliance for Golf, concluded that golf is an $889 million industry in Missouri, reports the Associated Press. When indirect spending is included, the study estimated that golf has a total economic effect of $1.7 billion in Missouri.
State officials presented the study on October 11, on the opening day of the annual Governor’s Conference on Tourism.
The study said that most of the value comes from Missouri’s 352 golf courses, 40 driving ranges and 30 miniature golf courses. But the figure also includes revenues from real estate deals, tourism and golf supply sales.
The direct economic impact of golf in Missouri is comparable to that of the manufacturing of engines, turbines and transmission equipment, it was noted.
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