A new report by the Golf Industry Association of Arizona finds that the sport has an economic impact of more than $3.4 billion annually.
The study was conducted by Troy Schmitz, a professor from the W.P. Carey School of Business at Arizona State University. It looked at both the environmental and economic impact the sport has on the state. The numbers gathered for the study are from 2004, the most recent year data was available.
Among the findings:
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