$19.75 a day. When multiplied by the number of tourist and resident fishing 

 days, and applying a capitalization rate, the total value of saltwater sport 

 fishing in Florida in 1975 was $18.7 billion. 



Table 4. Gross expenditures and user values (both in millions of dollars) of 

 the saltwater sport fishery in Florida in 1975 and the number of fishermen and 

 fishing days (both in millions) according to Bell (1979). 



Number of 

 Type of Gross expenditure User fishing days Number of 



fishermen by fishermen value (millions) fishermen 



Resident $392^ $ 872*^ 44 1.64 



Tourist $459 $ 288 15 0.54 



Both $851 $1,160 59 2.18 



u$408.39 X 0.96. (in-state participation). 

 Number of days fishing x individual expenditures of $19.75 per day. 

 Number of tourist fishing days x individual expenditure of $31.47 per day. 



Bell (1978) also made the same calculation for freshwater sport fishing 

 (Table 5). He stated that: 



$526 million, in gross expenditures, is spent annually by 

 residents and tourists on freshwater sports fishing or 

 about 9% of all taxable sales on recreation in the state. 



Gross expenditures per day for freshwater fishing was 

 $4.78 or 54% of daily expenditures on saltwater fishing. 



Tourist expenditures for freshwater fishing are estimated 

 at $278 million. 



Freshwater recreational fishing by tourists creates 

 around $70 million in wages and salaries in the export 

 sector and an additional $293 million in the nonbase 

 sector. 



All expenditures for freshwater recreational fishing 

 generate about 21,775 jobs and applying the multiplier 

 effect yields an overall total of 75,000 jobs generated 

 by freshwater fishing. 



Capitalizing the user value of freshwater fishing yields 

 an overall user value of $8.4 billion. (User value per 

 day is $7.67). 



177 



