Golf

Tiger's Masters win could be a boon for the golf business

Tiger in 2008, and on Sunday. Photos: Andy Lyons/Getty Images; Kevin C. Cox/Getty Images
Tiger Woods after a 2008 win, and on Sunday. Photos: Andy Lyons/Getty Images; Kevin C. Cox/Getty Images

Tiger Woods' win at the Masters could revitalize the golf industry, which has struggled in the past decade, AP reports.

The backdrop: Enthusiasm for golf waned during Tiger's 11-year drought between major wins. Nike stopped selling golf equipment in 2016 to focus on apparel. About a year later, rival Adidas sold off its golf business.

A Tiger Woods victory at the Masters could cost Vegas millions

Tiger Woods
Photo: Mike Ehrmann/Getty Images

With golf legend Tiger Woods just two shots behind leader Francesco Molinari on the last day of the Masters at Augusta National Golf Club in Georgia, bookmakers worry that a strong performance out of the gate could spark a surge of bets in his favor, Bloomberg reports.

"If the Woods-meister starts shooting the lights out everyone will want a piece of the action and that could mean carnage. We’ll be diving for cover if Woods starts to put on a Masters-class."
— Online bookmaker Paddy Power

By the numbers: Woods, who started the tournament with 14-to-1 odds, has been bumped to 3-to-1 as of Sunday morning. One gambler in Nevada placed an $85,000 bet on Woods that could cost bookmaker William Hill $1.2 million if it pans out.