The Real Economic Impact of Golf

By Nikhil Hutheesing - 2013-07-26T21:13:08Z

Photograph by Isaac Brekken/Getty Images for Michael Jordan Celebrity Invitational

Company Symbol % Change
7 of 14

Green Fees

The grass had better be greener at the Shadow Creek golf course in Nevada. The course, designed by Tom Fazio and built by Steve Wynn, known for high-end casinos such as the Bellagio in Las Vegas, has greens fees of about $500, according to That price, the highest in the nation, includes limousine transport to and from the course as well as your personal caddy. Such expenses, along with member dues, money spent on food and beverages and golf lessons, are big drivers of the golf economy. The country’s 15,751 golf courses, 1,000 stand-alone ranges, 1,366 miniature-golf facilities and 415 golf schools generated $30 billion in revenue in 2011, according to SRI.

Golf Operation Revenues: $30 billion