The new money includes increases in television contracts and sharp rises in ticket and merchandise sales, as well as Woods' record-setting endorsement deals. Clearly, his youthful enthusiasm and ethnic background in an overwhelmingly white professional sport has helped push golf from the corner of the sports stage into the spotlight.
Woods has taken a fair share of the profits himself, winning more than $2.91m on his travels and a series of five-year endorsement deals worth $95.2m.
Television has quickly latched on. Last year, 57.6 million homes watched the final round of the four major championships. This year, the figure was 91.5 million - a near 59 per cent increase. Woods' spectacular Masters victory helped contribute to a final four-year deal for the PGA Tour worth $650m, about $325m more than the deal that expires after next season.
Nike, whose golf division was an afterthought until it signed Woods to a five-year, $40m deal, gained the most, however. Sales of its golf apparel increased 100 per cent to $120m in the fiscal year that ended 31 May.
Golf has Woods to thank for its upsurge in popularity. "He has gotten them to sample the sport and they like what they see," said the CBS Sports vice president, Rob Correa.Reuse content