Bloomberg: New York gay marriage law has already netted $250 million in additional revenue

More than 10,000 gay and lesbian couples were issued marriage licenses in New York State in the year since same-sex marriage was legalized.


Gay marriage is filling state coffers, according to Mayor Michael Bloomberg and City Council Speaker Christine Quinn.

According to the survey, over 201, 000 same-sex wedding guests traveled to the city, booking over 235,000 hotel rooms at an average rate of $275 a day. The couples paid for dining, celebrations, gifts and various other wedding-related purchases, adding up to additional income for the state.

In a statement released Tuesday, Mr. Bloomberg said that

“Marriage equality has made our City more open, inclusive and free — and it has also helped to create jobs and support our economy,” said Mayor Bloomberg in his statement. “New York has always been a great place to get married and since the passage of the Marriage Equality Act, we’re welcoming more and more couples, their families and friends from around the country and the world.”

The study is the not the first to find states benefiting financially from same-sex marriage. Massachusetts led the charge in 2004, and found similar economic growth: gay marriage added an estimated $111 million to the state’s economy in five years.

However, this is the first report released by New York state since the gay marriage law passed last year. New York Governor Andrew Cuomo made same-sex marriage one of his top priorities for the year, pushing across the measure in a tense late night session that ultimately corralled enough members to support the proposal.

The impact is likely to boost an “NYC I Do” marketing campaign aimed at making New York City the world’s number one spot for gay weddings and honeymoons. That said, the recent report is unlikely to change the minds those who oppose gay marriage.

Speaking early this year, President Barack Obama announced his support of gay marriage. Meanwhile, that same week, in North Carolina voters approved a constitutional amendment defining marriage solely as a union between a man and a woman, effectively banning gay marriage in the state. State lawmakers in Maryland and Washington passed same-sex marriage laws, but voters will vote on the measures this November. The issue is also on the ballot this fall in Maine and Minnesota.

New York is the sixth and largest state to pass same-sex marriage. In addition to New York, same-sex marriage is also legal in Vermont, New Hampshire, Massachusetts, Iowa and Connecticut, along with Washington D.C. . There is no other state that has legalized same-sex marriage since New York.



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