It won't just be the fishermen angling for the win, but tourism operators as Port Stephens hosts a huge influx of visitors.
Destination Port Stephens CEO Eileen Gilliland said it was estimated that the two fishing events in Port Stephens in February would have an economic impact of approximately $1.4 million for the region.
"These events attract a significant number of visitors, anglers and their families, to the region," she said.
"Visitors will come to Port Stephens from across Australia, which increases awareness of Port Stephens as a tourism destination as well as driving repeat visitation."
Port Stephens maintained its historic reputation as an excellent game fishing spot, with the first Black Marlin caught on rod and reel in Port Stephens.
Ms Gilliland said competitions in Port Stephens remained popular due to a combination of great fishing, close proximity to get out of the heads, the amazing waterways and natural environment combined with the range of accommodation, restaurants, shopping and facilities the region offer.
"Port Stephens is referred to as Port of Gold in fishing circles," she said.