TASMANIA and the ACT are locked in a battle for the coveted “pink dollar” as both consider allowing same-sex marriage.

Marriage equality campaigner Rodney Croome said the value was likely to be hundreds of millions of dollars to the first state or territory to take the plunge.

“The race is on, there is a very large amount of money at stake,” Mr Croome told The Mercury.

Research released this year showed legalising same-sex marriage would be worth about $100 million.

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