The most recent numbers show the Arizona golf industry raked in nearly $4 billion in 2014.
Most of that was generated from sales at golf facilities themselves – while about $1 billion was brought in from tourism related to the golf industry.
George Frisvold, a professor of agricultural and resource economics and an author of the study, says nationally, golf took a hit after the great recession and Arizona was no exception. “What you’ve seen is a big rebound where golf was one of the things that people were cutting out at the depths of the recession,” Frisvold said. “But it’s picked back up again.”
The study also found more than 32 percent of golfers in 2014 were visiting from another state.