Tiger Woods is back. The $70B golf business? Not so much

IN 2016, AMERICA counted only 23.8 million golfers, down from its peak of 30.6 million in 2003, according to the National Golf Foundation. Above, Tiger Woods hits his tee shot on 13 at the PGA Championship in Medinah, Ill. in 2006. / BLOOMBERG FILE PHOTO/JOE TABACCA
IN 2016, AMERICA counted only 23.8 million golfers, down from its peak of 30.6 million in 2003, according to the National Golf Foundation. Above, Tiger Woods hits his tee shot on 13 at the PGA Championship in Medinah, Ill. in 2006. / BLOOMBERG FILE PHOTO/JOE TABACCA
NEW YORK - In an age of Imax action movies and Ultimate Fighting, the leisurely sport of golf faces a harsh reality: Its biggest draw remains a 42-year-old with a bad back. That star, the inimitable Tiger Woods, returns to The Masters on Thursday. Golf fans - and the $70 billion industry - are thrilled…

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