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The Real Economic Impact of Golf

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

Photograph by Karim Sahib/AFP via Getty Images

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Big-name golfers rake in vast sums from licensing fees on such things as video games and clothing. The really big cash comes from corporate endorsements and bonuses. Phil Mickelson brought in about $45.3 million in 2012 and Arnold Palmer $36 million in endorsements and licensing fees, according to Golf Digest. Tiger Woods (at far right) lost a number of endorsements following his 2009 scandal but came back in 2012 with a total of $86.1 million. All told, golfers received $320 million in endorsements in 2011, the latest data available, up from $265 million in 2005.

Endorsements: $320 million