Total Revenue for Gambling Industries, Establishments Subject to Federal Income Tax
REV7132TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,099.00
Year-over-Year Change
36.30%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures total revenue for gambling industries, including casinos, racetracks, and other establishments subject to federal income tax. It provides insight into the overall health and activity of the U.S. gambling sector.
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 Total Revenue for Gambling Industries, Establishments Subject to Federal Income Tax series tracks the total operating revenue generated by businesses involved in gambling and wagering activities across the United States. This metric is closely watched by economists and policymakers to gauge consumer spending patterns and assess the broader economic conditions impacting the gambling industry.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through surveys of gambling establishments.
Historical Context
Trends in this series are used to inform economic and tax policy decisions related to the gambling industry.
Key Facts
- Gambling revenues account for over $100 billion in annual economic activity.
- The gambling industry employs over 1.7 million people in the United States.
- Casinos generate the largest share of gambling revenues, around 70%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by gambling establishments in the United States that are subject to federal income tax, including casinos, racetracks, and other gambling venues.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and the overall health of the gambling industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau through surveys of gambling establishments.
Q: How is this trend used in economic policy?
A: Trends in this series are used to inform economic and tax policy decisions related to the gambling industry, as well as to assess broader consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Revenue for Gambling Industries, Establishments Subject to Federal Income Tax (REV7132TAXABL144QNSA), retrieved from FRED.