State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in the United States
USPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176,649.00
Year-over-Year Change
19.92%
Date Range
1/1/1951 - 1/1/2022
Summary
This economic trend measures state government tax collections from pari-mutuel, or on-track, betting on horse racing and other events in the United States. It provides insights into a revenue source for state governments.
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 Pari-Mutuel Selective Sales Taxes indicator tracks state-level tax receipts from legalized gambling activities like horse racing. This metric is used by economists and policymakers to understand state fiscal conditions and potential revenue streams.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Historical Context
Pari-mutuel tax revenue is an important consideration for state budgets and policies around legalized gambling.
Key Facts
- Pari-mutuel taxes make up a small but meaningful portion of state government revenues.
- Tax rates on pari-mutuel betting vary significantly across U.S. states.
- Pari-mutuel tax collections have declined in recent decades as brick-and-mortar gambling faces competition from online betting.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections from pari-mutuel, or on-track, betting on horse racing and other events.
Q: Why is this trend relevant for users or analysts?
A: Pari-mutuel tax revenue is an important consideration for state budgets and policies around legalized gambling.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand state fiscal conditions and potential revenue streams from legalized gambling activities.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological changes of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in the United States (USPARITAX), retrieved from FRED.