Executive Summary
There were an estimated 655 anglers
registered at the 16th Pirate’s Cove Billfish Tournament (PCBT)
held August 10- 13, 1999 at the Pirate’s Cove Marina in Manteo,
North Carolina. A seven-page mail survey was mailed to about 62%
of the registered anglers in the PCBT (406) on August 17. The
purpose of the survey was to learn more about participants’
demographic characteristics, overall level of fishing
participation and involvement, PCBT fishing experience
preferences, tournament expenditures, and satisfaction with the
1999 event. Overall, 189 surveys were returned with 23 reported
as undeliverable for an effective response rate of 49.5%. A
telephone check indicated there were no differences between
respondents and non-respondents insofar as their levels of
overall expenditure for the 1999 PCBT. However, PCBT respondents
fished significantly fewer days, brought fewer family members
and friends with them to the tournament, and expressed greater
satisfaction than non-respondents.
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Less than one-quarter
(21%) of PCBT anglers resided in Dare County, North
Carolina. About 29% and 50% of PCBT anglers,
respectively, resided elsewhere in North Carolina and
out-of-state. |
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A plurality (46%) of PCBT
anglers from outside of Dare County resided in the
following zip code areas: Norfolk, VA (18%), Richmond,
VA (10%), Rocky Mount, NC (11%), and Fayetteville, NC
(7%). |
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Most (46%) PCBT anglers
reported fishing was their most important outdoor
recreation activity. |
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On average, PCBT anglers
fished 56 days over the previous 12 months, considerably
more days than for the statewide population of saltwater
anglers (12 days) (U.S. Fish and Wildlife Service and
the U.S. Bureau of the Census 1997). On average, PCBT
anglers fished in four other fishing tournaments in the
previous 12 months. |
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Over one-third (44%) of
PCBT anglers were members of fishing clubs or
organizations. |
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Most PCBT anglers (88%)
reported they (or someone in their households) owned a
powerboat. The average length of their longest boat was
38 feet. |
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Anglers participated in
an average of three previous PCBT events (excluding the
1999 event). |
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Overall, 70% of PCBT
anglers reported they were very or extremely satisfied
with the 1999 tournament event. |
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Average
tournament-related expenditures (not including
tournament registration fees) by PCBT survey respondents
were extrapolated to all PCBT anglers ($2,072,518).
Overall PCBT-related expenditures by locals and
non-local North Carolinians totaled $947,459.
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1999 PCBT fees ($584,315)
were not included in the economic impact assessment
because a detailed analysis of where these monies were
spent by tournament officials would have been required.
Thus, estimates of total economic output are
conservative. To the extent that more of these
registration monies are spent locally, additional
economic output will occur in Dare County. |
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North Carolina residents
(not from Dare County) and non-residents of the state
participating in the PCBT spent $1,640,455 in Dare
County. This constitutes new monies to Dare County.
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Major expenditures by
PCBT anglers in Dare County were for other expenses
(misc. retail and service items) (19%), lodging (14%),
gas and oil for boat (13%), and charter fees (13%).
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Purchases made by 1999
PCBT anglers provide the basis for estimating total
economic impacts of the event. These initial economic
effects ripple through the economy leading to a total
impact that exceeds that of the original purchases by
anglers. When IMPLAN multipliers that averaged 1.9 were
applied to expenditures, additional output was generated
in the local economy. |
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The estimated $1,640,455
in direct expenditures by non-Dare County anglers
participating in the PCBT for local goods and services
generated an additional $1,231,081 in economic output.
This resulted in a total economic output of $2,871,536.
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Non-residents who came to
North Carolina fish in the PCBT spent $1,125,059 in the
state; mostly in Dare County ($1,080,009). Non-resident
expenditures generated an additional $1,484,309 in
economic output for a total economic output at the state
level of $2,609,368. |
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