January 22, 2020 — The following was released by NOAA Fisheries:
In November, NOAA Fisheries released the findings of two studies on the economic impact of recreational fisheries targeting Atlantic highly migratory species. When combined with other NOAA Fisheries research, these reveal that HMS recreational fishing contributes an estimated $510 million to the U.S. economy each year.
Atlantic tunas, sharks, billfish, and swordfish—together known as HMS—are popular targets for anglers. In 2018, we issued more than 20,000 HMS angling permits to fishermen living across the country. There were also more than 200 tournaments targeting Atlantic HMS that year.
To understand how this robust industry impacts our national economy, we asked 1,806 anglers to break down their fishing trip expenses. We also collected cost and earnings information from 73 tournament operators and spoke with 104 tournament fishing teams. Both surveys were conducted in 2016.
Anglers reported spending an average of $682 for a day of fishing for Atlantic HMS outside a tournament. Daily expenses were highest in the Gulf of Mexico. We estimate they spent $300 more on average there than in New England. Regardless of where they fished, though, anglers say boat fuel was their largest expense. Bait costs came in as a distant second, followed closely by groceries.