Total Revenue for Spectator Sports, Establishments Subject to Federal Income Tax
REV7112TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,468.00
Year-over-Year Change
23.49%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures total revenue for spectator sports establishments that are subject to federal income tax. It provides insights into the financial performance and overall health of the spectator sports 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 Total Revenue for Spectator Sports, Establishments Subject to Federal Income Tax metric tracks the quarterly sales and receipts of for-profit businesses engaged in operating facilities for sporting events and activities. This data is a key indicator of consumer demand and spending patterns in the spectator sports sector.
Methodology
The data is collected through surveys of businesses in the spectator sports industry by the U.S. Census Bureau.
Historical Context
This revenue trend is closely monitored by economists and policymakers to assess the economic vitality of the sports and entertainment industry.
Key Facts
- Quarterly data series started in 1998.
- Covers for-profit sports teams, leagues, and venues.
- Experienced sharp declines during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue generated by for-profit spectator sports establishments, such as professional sports teams, leagues, and venues that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This revenue data provides important insights into the financial health and consumer demand for the spectator sports industry, which is a significant contributor to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the spectator sports industry conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this revenue trend to assess the overall strength of the sports and entertainment sector and its impact on consumer spending and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 2-3 month lag, and it only covers for-profit spectator sports establishments subject to federal income tax.
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Citation
U.S. Federal Reserve, Total Revenue for Spectator Sports, Establishments Subject to Federal Income Tax (REV7112TAXABL144QNSA), retrieved from FRED.