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The Real Economic Impact of Golf

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

Photograph by Brendan Smialowski/AFP via Getty Images

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 Associations such as the USGA, Golf Course Superintendents Association of America and the PGA of America update members on new golf rules, along with providing job and retirement benefits, certifications and other services. The rules can be serious or, to observers, quizzical. A new rule coming courtesy of the USGA and the Royal & Ancient Golf Club in St. Andrews, Scotland, bans players from anchoring a putter to the belly, chest or any other part of the body. Anchoring, the governing bodies say, may give some players an advantage and also threatens to supplant traditional strokes. The ban is set for Jan. 1, 2016; it may be delayed for amateurs until 2024. Revenue from professional associations was $554 million in 2011, up from $464 million in 2005, according to SRI.

Revenue of Professional Golf Associations: $554 million