Sectoral Output for Arts, Entertainment, and Recreation: Gambling Industries (NAICS 7132) in the United States
IPUSN7132T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-1233.33%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the output of the gambling industries sector within the arts, entertainment, and recreation industry in the United States. It provides valuable insights into the performance and health of this key economic segment.
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 Sectoral Output for Arts, Entertainment, and Recreation: Gambling Industries (NAICS 7132) in the United States tracks the production and economic activity of the gambling industries, including casinos, racetracks, and lotteries. This metric is used by economists and policymakers to assess the strength and direction of this important consumer-facing industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This trend is closely monitored by industry analysts, investors, and policymakers to gauge consumer spending patterns and the overall state of the gambling and entertainment sector.
Key Facts
- Gambling industries account for over $100 billion in annual economic output in the U.S.
- The gambling sector employs more than 1.7 million people nationwide.
- Nevada is the largest gambling market, generating over $12 billion in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and production levels of the gambling industries sector, including casinos, racetracks, and lotteries, within the broader arts, entertainment, and recreation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and health of the gambling and entertainment industry, which is a significant contributor to the U.S. economy. It is closely monitored by economists, policymakers, and industry analysts to gauge consumer spending patterns and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and industry stakeholders to assess the state of the gambling and entertainment sector, inform policy decisions, and monitor the broader economic impact of this important industry.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, but there may be occasional delays or revisions due to the nature of data collection and reporting.
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Citation
U.S. Federal Reserve, Sectoral Output for Arts, Entertainment, and Recreation: Gambling Industries (NAICS 7132) in the United States (IPUSN7132T301000000), retrieved from FRED.