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HomeNewsMacauMacau's gaming tax revenue reaches $3.7B for January-April period

Macau’s gaming tax revenue reaches $3.7B for January-April period

The Macau government gathered nearly MOP29.86 billion ($3.71 billion) in fiscal revenue from gaming taxes during the initial four months of 2024, according to the latest data unveiled by the city’s Financial Services Bureau on Thursday.

Year-to-date, the total revenue from such taxes surged by 98.2 percent compared to the same period last year.

In April alone this year, the government amassed around MOP7.93 billion ($1 billion) in gaming tax revenue, marking an 11.2 percent increase compared to the previous month.

Macau, April GGR reaches $2.29B, down 4.9% m-o-m

Gaming taxes accounted for 83.5 percent of the Macau government’s total revenue in the four-month period ending on April 30th, amounting to nearly MOP35.77 billion ($4.46 billion).

Under Macau’s 10-year gaming concession system, which took effect on January 1st, 2023, the effective tax rate on casino gross gaming revenue (GGR) stands at 40 percent.

The government’s 2024 budget plan anticipates gaming tax revenue to reach nearly MOP83.61 billion ($10.43 billion) this year. The revenue collected in the first four months accounts for 35.7 percent of this projection.

In 2023, Macau authorities collected MOP65.26 billion ($8.14 billion) in gaming tax revenue, surpassing the budgeted amount by 28.3 percent.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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