Total Revenue for Amusement, Gambling, and Recreation Industries, Establishments Exempt from Federal Income Tax
REV713TAXEPT144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,690.00
Year-over-Year Change
30.16%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic indicator measures the total revenue for amusement, gambling, and recreation industries that are exempt from federal income tax. It provides insights into the financial health and trends of a key leisure and entertainment 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 Amusement, Gambling, and Recreation Industries, Establishments Exempt from Federal Income Tax is a quarterly economic metric published by the U.S. Census Bureau. It tracks the revenue generated by tax-exempt businesses in this industry, offering valuable data on consumer spending patterns and market conditions.
Methodology
The data is collected through quarterly surveys of businesses in the amusement, gambling, and recreation industries that are exempt from federal income tax.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge consumer confidence and recreational spending habits.
Key Facts
- This metric covers over 70,000 tax-exempt establishments in the U.S.
- Quarterly revenue in this sector topped $100 billion in 2022.
- The COVID-19 pandemic caused a significant decline in this revenue stream.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by amusement, gambling, and recreation businesses that are exempt from federal income tax in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and the financial health of the leisure and entertainment industry, which is an important part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of tax-exempt businesses in the amusement, gambling, and recreation industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to gauge consumer confidence and recreational spending habits, which can inform decisions around taxation, regulation, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, with a typical release lag of 2-3 months.
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Citation
U.S. Census Bureau, Total Revenue for Amusement, Gambling, and Recreation Industries, Establishments Exempt from Federal Income Tax (REV713TAXEPT144QNSA), retrieved from FRED.