State Tax Collections: T14 Pari-Mutuels Sales Tax for California
QTAXT14QTAXCAT3CANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-28.57%
Date Range
1/1/1994 - 4/1/2021
Summary
This trend measures pari-mutuel sales tax collections in California, which are revenues generated from betting on horse racing and other gaming activities.
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 Tax Collections: T14 Pari-Mutuels Sales Tax for California series tracks the monthly sales tax revenue collected by the state from pari-mutuel wagering, providing insight into consumer spending and economic activity in the California gambling and horse racing industries.
Methodology
The data is collected by the U.S. Census Bureau from state tax authorities.
Historical Context
This metric is used by economists and policymakers to analyze trends in consumer behavior and the performance of the California gaming and racing sectors.
Key Facts
- California is the largest horse racing market in the United States.
- Pari-mutuel wagering accounts for over $3 billion in annual economic activity in California.
- Pari-mutuel sales tax revenue supports state funding for education, infrastructure, and other public services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected by the state of California from pari-mutuel wagering, which includes betting on horse racing and other gaming activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and economic activity in California's gaming and horse racing industries, which are important sectors for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from state tax authorities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze trends in consumer behavior and the performance of the California gaming and racing sectors, which can inform decisions around taxation, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for California (QTAXT14QTAXCAT3CANO), retrieved from FRED.