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The Economics of Sportfishing: ASA Releases Report

 


Southwick Associates was also recently busy working with the American Sportfishing Association (ASA) to highlight another financial pillar of conservation, fishing, as described in the report, "Sportfishing in America: An Economic Force for Conservation." With the USFWS reporting that 33 million Americans age 16 or older went fishing in 2011, and ASA estimating there are potentially as many as 60 million Americans of all ages who consider themselves anglers in the country, fishing at least once every five years, the sportfishing community is undoubtedly vital to the economy and conservation.

In fact, it is estimated that anglers spend approximately $48 billion annually on equipment, licenses, trips, and other fishing-related items or events with an economic multiplier effect of $115 billion impacting our nation's economy. Each angler spends roughly $1,441 per year supporting 828,000 jobs that account for as much as $35 billion in salaries and wages. Plus, through excise taxes on fishing tackle, fishing licenses and personal donations, anglers contributed nearly $1.5 billion in dedicated funding to fisheries conservation in 2011. And these numbers promise to grow with the population of anglers growing 11 percent between 2006 and 2011.

# New Jersey Resident Anglers: 766,085
Retail sales: $1,146,551,669 
Multiplier: $1,866,013,788 
Salaries & Wages: $583,147,807 
Jobs: 15,386 
Federal Tax Revenues: $158,769,630 
State Tax Revenues: $137,228,333

Top 10 States: Non-Resident Fishing Destinations 
Ranked by Number of Visiting Anglers
# 9: New Jersey
# Non-resident anglers 256,950
Total non-resident expenditures $106,323,764
 

More Fishing Quick Facts
More Americans fish than play golf (21 million) and tennis (13 million) combined.
 

If fishing were a company, the amount spent by anglers to support fishing-related retail sales would rank number 51 on the Fortune 500 list.
 
Fishing generated more revenue ($48 billion) than Lockheed Martin ($47 billion), Intel ($44 billion), Chrysler ($42 billion) or Google ($38 billion).
 
The economic activity generated by sportfishing is greater than the economies, measured in Gross State Product, of 17 states.

 

 

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