Same Sex Weddings Boost Florida Economy

On June 26, 2015, nearly five years ago, the United States Supreme Court struck down all bans on same-sex marriage. Following the landmark decision, same-sex couples legally married were recognized as legally married in all 50 states.

Many people fought tirelessly for years to bring this outcome to fruition. Prior to this date, states were granted the right to allow or ban same sex marriage. This often meant that couples married in one state weren’t recognized as married in another.

Over the past five years, same sex marriages have doubled in the United States.  

Florida legalized same-sex marriage on January 6, 2015. Although commitment ceremonies were already popular for same-sex lovebirds, the legalization of same-sex marriage offered new opportunities for wedding and travel focused businesses to make money. While many couples tied the knot, others renewed vows to legalize their commitment to one another.

In 2014, a William Institute study estimated that “Florida could see a $182.2 million boost to its economy if gay marriage were legalized” in just three years.

Six years later, a 2020 William Institute study analyzed the impact of same sex marriage on state and local revenue – and also how it supports the local economy. According to the study, nearly 300,000 couples were married in the five years following the Obergefell v. Hodges landmark 2015 court case. Over those five years, same-sex weddings have generated $3.8 billion in revenues for the US economy through wedding related spending and out-of-state guest travel, in addition to $244 million in state and local sales tax.

 

Although we have not found any solid data to confirm or deny the estimated revenue dollars predicted in the 2014 study, with an estimated 48,500 same-sex couples residing in Florida and tens of thousands visiting Florida each year, we’re confident that same-sex weddings have been good for Florida businesses and a boost to Florida’s economy.

Important things to note:

Florida requires a 3-day waiting period for Florida residents, but the waiting period is waived for visitors to Florida.

You can find frequently asked same sex marriage questions pertaining to Florida here.  These are provided by Equality Florida Action Inc.

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Written by Honey Goudard

Honey GoudardHoney lives in St Petersburg, Florida with her two sons Xerxes, and Wil and her boyfriend Anthony. She is a straight ally and one of her children identifies as lgbtq. She enjoys writing as well as cross stitching, dancing and cooking. She was born in Miami, Florida but grew up in St Pete, remaining always a native Floridian. She loves her two cats, and chocolate, lots of chocolate.


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