Singapore’s betting tax revenue rose 11.9 percent year on year in the financial year ended March 31st, 2026, outpacing growth in the country’s overall tax collection.
Betting taxes reached SG$3.6 billion ($2.84 billion), up from SG$3.2 billion ($2.53 billion) in the previous financial year, according to the Inland Revenue Authority of Singapore’s (IRAS) annual report, released on September 4th.
The category combines gambling duties and casino tax. The report’s revenue breakdown does not separate the two, limiting the extent to which the increase can be attributed specifically to casino operations.
Singapore has two casinos: Marina Bay Sands, operated by Las Vegas Sands, and Resorts World Sentosa, operated by Genting Singapore.
Betting taxes accounted for 3.7 percent of the SG$97.3 billion ($76.8 billion) collected by IRAS during the year. Total tax revenue increased 9.4 percent from the previous financial year.
The 11.9 percent increase was the fastest among the seven tax categories shown in the report’s year-on-year comparison, ahead of corporate income tax at 11.3 percent and stamp duty at 10.7 percent.
‘Increased economic activity and consumer spending have contributed to higher tax collection across all tax types,’ the authority stated in the report.
The annual report does not identify a separate driver for betting tax growth or provide a corresponding measure of gambling revenue. The increase therefore should not be interpreted as an equivalent rise in casino gross gaming revenue.
Corporate income tax remained the largest contributor, accounting for 35.4 percent of total collections, followed by goods and services tax at 22.3 percent and individual income tax at 21.5 percent.
