PGA Tour Commissioner Jay Monahan says golf, a sport that was once in a drought has become a multi-billion dollar business with levels of participation far surpassing other competitive sports.
â€œItâ€™s a 70 billion dollar industry, 2 million jobs each year... you look at the data and itâ€™s the National Golf Foundationâ€™s data, itâ€™s not ours, but there are 23.8 million people playing the game,â€ he said in an interview Thursday on the FOX Business Network.
Monahan says golf has surpassed â€œbasketball, tennis, soccer, and football,â€ in terms of the number of people currently playing the sport.
â€œYou look at last year, weâ€™re at 2.9 million junior golfers, thatâ€™s up 25% in the last 5 years, youâ€™ve got 2.5 million people that played the game for the first time last year, thatâ€™s something weâ€™re really excited about,â€ he said.
Not only has participation never been higher, but the number of women playing the sport has also increased.
â€œWeâ€™ve doubled the number of girls who are playing the game since 1995, which is something we are extremely excited about,â€ he said.
The Commissioner attributes technology for bringing the game to more people around the world, and enhancing its presentation on television.
He added, â€œLike every other business, our business is evolvingâ€¦youâ€™ve got another 20 million people who are engaging the game that way, that creates an opportunity for us.â€