Macau’s government reported that gaming tax revenues allocated to tourism promotion and social security reached MOP6.69 billion ($837 million) in 2024, marking a 34.1 percent increase from MOP4.99 billion ($624 million) in 2023.
The figures were released in the city’s latest public finance report on Tuesday, reflecting a robust post-pandemic rebound in the gaming sector.
According to the data, Macau’s gross gaming revenue (GGR) totaled MOP226.78 billion ($28.35 billion) in 2024, up 23.9 percent year-on-year. The two main revenue streams derived from GGR—the “Special Gaming Tax” and the allocation for “Urban Development, Tourism Promotion, and Social Security”—rose by 35.2 percent and 34.1 percent, respectively.
The “Special Gaming Tax” generated MOP79.53 billion ($9.94 billion), an increase of MOP20.71 billion ($2.59 billion) from 2023. Meanwhile, allocations for urban development, tourism promotion, and social security totaled MOP6.69 billion ($837 million), up MOP1.70 billion ($213 million) year-on-year.
In total, public revenue from these gaming-related sources amounted to MOP87.96 billion ($10.99 billion) in 2024, a 35 percent rise compared with MOP65.09 billion ($8.14 billion) in 2023.
Under Macau’s gaming law, 5 percent of gross gaming revenue is directed toward local social development funds—3 percent for urban development, tourism promotion, and social security, and 2 percent for public funds that promote or research cultural, social, economic, educational, scientific, academic, and charitable activities.
Gaming operators may qualify for a tax reduction of up to 5 percent if they attract foreign patrons. However, the latest report did not specify whether any of the six concessionaires benefited from this incentive.
