State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Delaware
DEPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
-46.55%
Date Range
1/1/1951 - 1/1/2022
Summary
This economic trend measures the total state government tax collections from pari-mutuel betting taxes in Delaware. It provides insights into the state's revenue sources and fiscal conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Delaware' series tracks the revenue collected by the Delaware government from taxes on pari-mutuel betting activities. This data is useful for analyzing the state's tax base, fiscal policies, and economic factors impacting the gambling industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Historical Context
This trend is relevant for policymakers, economists, and market analysts assessing Delaware's tax revenue, fiscal health, and the economic performance of the state's gambling sector.
Key Facts
- Delaware collected $7.8 million in pari-mutuel taxes in 2021.
- Pari-mutuel taxes account for about 1% of Delaware's total state tax revenue.
- Tax collections from pari-mutuel betting have declined by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state government tax collections from pari-mutuel betting activities in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Delaware's tax revenue sources and the economic performance of the state's gambling industry, which is relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to assess Delaware's fiscal conditions, tax policies, and the economic factors impacting the state's gambling sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Delaware (DEPARITAX), retrieved from FRED.