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The Economic Contributions of Atlantic Highly Migratory Anglers and Tournaments, 2016
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2019
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Description:Highly migratory species (tunas, billfish, swordfish, and sharks), or HMS, draw a dedicated following of specialized marine anglers that spend significant amounts of money in pursuit of these “big game” fish. In 2016, private vessels located along the Atlantic and Gulf of Mexico coastal states (Maine to Texas) were estimated to have made over 87,500 tournament and non-tournament trips (vessel days) in pursuit of tuna, sharks, billfish, and swordfish. In 2016, NOAA Fisheries conducted two studies to collect data on expenditures associated with HMS recreational fisheries: 1) a survey of Atlantic Highly Migratory Species (HMS) Angling permit holders, and 2) a survey of HMS tournament operators and participants to collect data on expenditures associated with HMS tournaments. Atlantic HMS Angling permit holders were surveyed about expenditures associated with their most recent HMS fishing trip with surveys going out in bimonthly waves to collect data on trips conducted throughout the year. Operators of registered HMS tournaments were surveyed about the costs and earnings associated with the tournaments they operated, and participating teams were surveyed about their expenditures associated with a selected tournament. Non-tournament HMS recreational fishing trips were estimated to generated over $46.7 million in total annual expenditures, while tournament trips generated an additional $37.5 million before tournament registration fees. Tournament operators were estimated to have brought in approximately $38.4 million in revenue against total costs of $32.4 million plus $2.5 million in charitable donations. Combined, these expenditures are estimated to have contributed over $232 million in total economic output to the United States economy, including $72 million in household income, and supported 1,404 jobs. When combined with recent assessments of the HMS for-hire recreational fishing sector, and durable goods purchases by HMS recreational anglers for HMS fishing, the total annual economic contribution of HMS recreational fishing to the U.S. economy is estimated to be over $510 million.
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Rights Information:Public Domain
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Compliance:Submitted
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