Golf is a sport loved by many people across the world. But did you know that it has had a huge impact on the sporting world? A report recently commissioned by the PGA and England Golf reveals that getting out on a golf course is better not only for you but also for your community and the sporting world at large.
The report further looked at what benefits the society and the sporting world derive from golf. Golf Game is impacting too much as there are now Golf Betting going on over the world with the great earning opportunity.
According to the research, golf has a £1.8 billion social value. Further, golf generates £1.17 worth of benefits for every £1 spent on it. This research was carried out by SIRC and considers the total social value of participating in golf.
It measures this value using factors such as social capital, health, and well-being and divides it the total input from golf’s funders, volunteers, and players, as well as the delivery bodies. As one of the best in the world- “Tiger woods” can break records in 2020 in earnings & what you can expect from him.
The most notable reward among golf players is their enhanced wellbeing. It’s estimated that golf players around the world derive benefits worth £1.2 billion from golf. This can translate to £2,380 for every person. The report further found that the beneficiaries are not necessarily golf players.
About £178.8 million was earned from the positive emotions volunteering generated. To put it simply, people who regularly participate in golf derive many benefits across many spheres of their lives from it and are much happier than those who don’t.
Revenue to Government and Regulatory Bodies
Profits made by golf apparel companies are taxed and can be used to nurture talent in golf as well as other sports. It’s also used to develop social amenities for the entire population.
Improved health is another great benefit of golf to the sporting world and the entire world in general. This represents about 22 percent of the total social value. Players aged 55 and older recorded the most significant rewards that included lower risks of coronary heart disease and dementia.
For example, when you play one or two of golf, you improve your cardiovascular health and reduce healthcare costs related to cardiovascular diseases. In addition, you have a lower risk of developing type 2 diabetes and colon cancer.
Age and Golf
Age is not a factor to benefit from golf. Youngsters playing at their universities earn much more than those who don’t participate in sports. Similarly, the older generation gets the health benefits described earlier. Generally, golf players across all ages get to benefit from healthy and happy life courtesy of playing golf.
Participating in golf has many benefits, many of which spread out to other sports. It’s more like a win-win situation because when the sport grows, so do others. For example, companies that design and manufacture sports apparel often do the same for a number of other sports.
It goes without saying that when they experience growth in revenue and profits, they’ll be in a better position to develop other sports as well. Besides, the apparel for other sports will be much cheaper in the long run.