Macau’s revenue from gaming taxes increased by 67.2 percent in the first six months of the year, reaching MOP44.79 billion ($5.57 billion), according to the latest data released by the city’s Financial Services Bureau on Monday.
In June of this year, the government collected approximately MOP7.78 billion ($968 million) in revenue from gaming taxes.
Gaming taxes accounted for 85.5 percent of the Macau government’s total revenue in the first half of 2024, which amounted to nearly MOP52.41 billion ($6.52 billion).
Under Macau’s 10-year gaming concession system, which took effect in January last year, the effective tax on casino gross gaming revenue (GGR) is 40 percent.
According to the government’s 2024 budget plan, revenue from gaming taxes is expected to reach nearly MOP83.61 billion ($10.4 billion) this year. The revenue collected in the first six months represents 53.6 percent of this target.
In 2023, the Macau authorities collected MOP65.26 billion ($8.12 billion) in gaming tax revenue, surpassing the budgeted amount by 28.3 percent.
