Over the next three years, same-sex wedding ceremonies could generate more than $680 million for florists, photographers, jewelers and other businesses in the wedding industry. That’s according to the Williams Institute at UCLA.
Research Director Lee Badgett says state and local governments will profit too.
"Because all of that spending will generate sales tax dollars and in some cases occupancy tax dollars so that will increase those tax revenues by about $55 million over three years. And then of course all these couples will have to get a marriage license and that generates fee revenue that will generate another $9 million or so."
The study estimates that about half of California’s more than 100,000 same-sex couples will marry over the next three years and another 68,000 will come from out-of-state.
But the financial boon could be short-lived. In November, California voters will decide whether to amend the state constitution to ban same-sex marriage.