The Supreme Court's Gay Marriage Ruling Could Bring In More Than $4 Billion For The U.S. Tourism Industry

Marriage equality is awesome for the economy.

SCOTUS' landmark decision to legalize gay marriage across the country was a triumph for social justice, but its effects extend beyond just that. A new study conducted by Out Now, a consulting agency focused on the LGBT market, found that the Supreme Court's gay marriage decision could boost LGBT tourism by 9 percent over the next three years.

The LGBT2030 study, which according to Out Now, analyzed the world's largest LGBT market research data set, found that the American economy will benefit from at least 1.3 million more LGBT tourists — a 9 percent increase — in the wake of the marriage equality ruling. The influx of gay and lesbian tourists are expected to spend $4.25 billion over the next three years.

Researchers of the LGBT2030 study asked some 100,000 respondents the question, "When you choose where to travel, to what extent can the legal situation for local LGBT people affect where you decide to go to spend your holiday/vacation?" They then took into account those who said local laws affect their traveling decisions "to a great extent" and those who indicated an intention to visit the U.S. within the next three years. 

The findings were limited to only seven countries — Australia, Italy, the UK, Canada, Brazil, Germany and France. Brazil is expected to provide the greatest increase in LGBT tourism to the U.S.

Out Now Global LGBT2030 Study
Out Now Global LGBT2030 Study

If, ostensibly, you're still looking for a reason to support same-sex marriage, its vast economic benefits prove a compelling argument. The huge boost in tourism aside, gay weddings, now legal in all 50 states, are expected to be worth around $2.5 billion in the next three years. For the 13 states that held out against legalizing same-sex marriage, gay weddings in next three years are expected to make an economic impact that amounts to about more than half a billion dollars.

Those 13 states are also expected to see an increase in tax revenue as well and gay marriage is expected to create anywhere from 2,069 to 6,210 jobs. Now is that a boon to the economy or what?

[Cover image via govicinity/iStock]