The gaming tax revenue soared to nearly MOP88.13 billion in 2024, marking a 35% increase from the MOP65.26 billion collected the previous year, according to the latest figures from the Financial Services Bureau.
The amount also surpassed government projections by 5.4%, as officials had initially estimated revenue at MOP83.61 billion.
Under the 10-year license, casinos face an effective tax rate of 40% on gross gaming revenue (GGR).
Tax revenue figures cannot be directly compared because there is usually a delay between when GGR is documented and when the government recognizes the tax as being paid.
Despite the rebound, 2024’s gaming tax revenue remains lower than pre-pandemic levels. In 2019, the year before Covid-19 disrupted the city’s economy, gaming tax collections had reached MOP112.71 billion—21.8% higher than last year’s total.
The city’s 2025 budget plan estimates that casino GGR will reach MOP240 billion this year. Gaming taxes are expected to reach MOP93.12 billion.
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