You are using an outdated browser.
Please upgrade your browser
and improve your visit to our site.

The Masters Tournament And Georgia's Golf Economy

The 2012 Masters Tournament is under way, and in keeping with The Study’s longstanding interest in sports economics, it’s time to ask: Besides controversy, what does the PGA’s annual trip to Augusta produce?

According to a 2003 analysis, the Masters represents a substantial payday for the state of Georgia. But the Masters is just part of the golf industry in Georgia, which includes over 400 courses and clubs as well as a substantial manufacturing component (the vast majority of all golf carts are produced in the state). The biggest findings: Golf in Georgia supports an estimated 17,000 full-time jobs and 11,000 part-time jobs, and has an overall annual impact of about $1.84 billion. The estimated impact of major golf tournaments in Georgia was $217 million—the bulk of which (nearly 60 percent!) came from the Masters.