Macau govt expects MOP 98.2 billion in taxes in 2019

    Macau’s Financial Services Bureau (DSF) says it is expecting approximately MOP 98.2 billion (US$12.1 billion) in gaming taxes this year, representing a 13 percent increase over 2018, local media reports.

    Most of the gaming tax revenue is expected to come from games of fortune, which is estimated to bring in around MOP 98.04 billion in tax revenue in 2019.

    Tax revenue from horse racing is also expected to increase, rising 50 percent to MOP4.2 million, while tax revenue from Chinese lottery is estimated to increase 30 percent to MOP2.9 million.

    However, the DSF says it expects instant and sports lottery tax revenue to fall 1.3 percent.

    Currently, Macau taxes operators with a 35 percent tax on gross gaming revenue, in addition to a 1.6 percent contribution to the Macao Foundation, and a 2.4 percent contribution to urban development, tourism, and social security.