Macau rakes in MOP6.4 billion in gaming taxes

In the first seven months of the year, gaming tax revenue reached nearly MOP51.62 billion, marking a 15.2% increase from the same period last year, according to data released by the Financial Services Bureau (DSF).

In July alone, the government collected approximately MOP6.83 billion in gaming taxes, a decrease of 12.2% from June.

Under Macau’s 10-year gaming concession system, initiated Jan. 1, 2023, the effective tax rate on casino gross gaming revenue (GGR) is 40%.

However, the tax revenue figures and casino GGR are not directly comparable due to timing differences in revenue recognition.

For instance, June GGR was reported at MOP17.7 billion, a 12.4% decline from May’s MOP20.2 billion, which had been the highest monthly total since January 2020.

Gaming taxes accounted for 83.9% of the government’s total revenue of nearly MOP61.51 billion through July 31.

The government anticipates gaming tax revenue will reach MOP83.61 billion by the end of the year, with the current figures representing 61.7% of that projection.

In 2023, Macau collected MOP65.26 billion in gaming tax revenue, exceeding budget expectations by 28.3%. NS