ARIZONA NEWS

2022 WM Phoenix Open drove economic impact of over $450M, study finds

Feb 2, 2023, 4:00 PM

WM Phoenix Open at TPC Scottsdale...

M Culinary Concepts is hiring hospitality workers ahead of the WM Phoenix Open, NCAA Men's Final Four and other Valley events. (Photo by Christian Petersen/Getty Images)

(Photo by Christian Petersen/Getty Images)

PHOENIX – With this year’s tournament around the corner, the WM Phoenix Open said Thursday that last year’s event pumped nearly half a billion dollars into the local economy.

“We’re proud to see our once small golf tournament in the middle of the desert grow into a crucial source for economic development and growth not only in the Phoenix area, but everywhere in Arizona,” Michael Golding, 2022 tournament chairman and current president of Thunderbirds Charities, said in a press release.

“We take great pride in the positive experiences we provide our fans, and together with our corporate partners, we will continue to draw all types of visitors and businesses to the Valley.”

The WM Phoenix Open had $453.7 million economic impact in 2022, according to a study conducted by Arizona State University’s Seidman Research Institute.

The study was commissioned by The Thunderbirds, who host the annual PGA Tour stop.

The study looked at the increase of spending that could be attributed to the existence of the tournament.

“The economic impact results reveal the power of professional sports and how a single event can have such a positive impact on a region,” Jim Fish, WM president and CEO, said in the release.

Here are some other findings from the study:

  • Total out-of-state expenditure: $156 million.
  • Total organizational spending: $55 million.
  • Total jobs created: 4,290.
  • Scottsdale tax revenue: $2.9 million.
  • Arizona tax revenue: $9.3 million.

This 2023 WM Phoenix Open takes place next week at TPC Scottsdale, with related events starting Monday and the pro tournament teeing off Thursday.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

The two men killed in the crash were both from India and were both 19-years-old, according to Peori...

KTAR.com

2 dead, 2 more hospitalized after crash in Peoria near Lake Pleasant

Two people were killed and two others were hospitalized in a head-on collision in Peoria, near Lake Pleasant, on Saturday night.

3 hours ago

Phoenix experienced its first 100-degree day of the year on April 21, 2024. The daily average tempe...

KTAR.com

Phoenix records first 100-degree day of 2024

After a wet and cool start to the year, Phoenix experienced its first 100-degree day of the year on Sunday.

4 hours ago

Carlos Rivas is among the performers for this year's Scottsdale Jazz Festival. (Scottsdale Jazz Fes...

Damon Allred

Sounds of New Orleans hit Old Town for Scottsdale Jazz Festival

The jazz festival billed as "Arizona's Most Beautiful Jazz Event" is coming to the Scottsdale Civic Center in Old Town this week.

6 hours ago

Olivia Gerits (Chandler Police Department)...

KTAR.com

Missing 13-year-old Chandler girl found safe, 21-year-old man detained

A 13-year-old girl who was missing for more than a week was found safe and reunited with her family on Sunday afternoon.

8 hours ago

woman holds money and types into computer...

KTAR.com

Weekend wrap-up: Here are the biggest Phoenix news stories from April 19-21

From freeway construction to street gang indictments, here are the biggest Valley news stories from over the weekend.

8 hours ago

University of Arizona President Robert Robbins is seen walking on the Tucson campus....

Associated Press

Robbins: Fiscal year 2025 UArizona budget deficit may be reduced by $110M

Outgoing University of Arizona president Robbins has announced “encouraging news” about the college’s finances.

10 hours ago

Sponsored Articles

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

(KTAR News Graphic)...

Boys & Girls Clubs

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

2022 WM Phoenix Open drove economic impact of over $450M, study finds