State Tax Collections: T14 Pari-Mutuels Sales Tax for Oklahoma
QTAXT14QTAXCAT3OKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures Oklahoma's pari-mutuel sales tax collections, providing insights into consumer spending and the state's tax revenue from the horse racing and betting industry.
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 Oklahoma tracks the amount of sales tax revenue the state collects from pari-mutuel (i.e., betting) activities. It offers economists and policymakers data on a specific revenue stream and can be used to analyze trends in consumer behavior and the performance of the state's horse racing industry.
Methodology
The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Historical Context
This trend is used by economists, lawmakers, and industry analysts to monitor the health of Oklahoma's pari-mutuel sector and its contribution to the state's overall tax base.
Key Facts
- Oklahoma's pari-mutuel sales tax revenue totaled $2.4 million in 2020.
- The pari-mutuel sales tax makes up about 0.2% of Oklahoma's total state tax collections.
- Horse racing and betting activities are an important part of Oklahoma's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of sales tax revenue collected by the state of Oklahoma from pari-mutuel (betting) activities, such as horse racing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the performance of Oklahoma's horse racing industry, which is an important part of the state's economy. It also offers data on a specific revenue stream that contributes to the state's overall tax base.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Q: How is this trend used in economic policy?
A: Economists, lawmakers, and industry analysts use this trend to monitor the health of Oklahoma's pari-mutuel sector and its contribution to the state's overall tax revenue, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a delay of several months before the most recent figures are available. Additionally, the data is subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Oklahoma (QTAXT14QTAXCAT3OKNO), retrieved from FRED.