Macau’s government collected MOP70.41 billion ($8.78 billion) in gaming-related fiscal revenue during the first nine months of 2025, marking a 6 percent year-on-year increase, according to data from the Financial Services Bureau (DSF).
The rise in gaming tax receipts aligns with the city’s casino gross gaming revenue (GGR), which totaled MOP181.3 billion ($22.58 billion) from January to September—up 7.1 percent from the same period last year. In August alone, gaming tax revenue reached MOP8.53 billion ($1.06 billion), reflecting the sector’s continued post-pandemic recovery momentum.
Under Macau’s current 10-year gaming concession framework, which began on January 1st, 2023, the effective tax rate on casino GGR remains around 40 percent.
Earlier this year, the government revised its 2025 full-year GGR forecast downward by 5 percent, from MOP240 billion ($29.86 billion) to MOP228 billion ($28.37 billion), while estimating gaming tax revenue at MOP88.56 billion ($11.02 billion).
As of September 30th, DSF data showed that gaming taxes accounted for about 85.2 percent of Macau’s total current revenue of MOP82.63 billion ($10.27 billion), underscoring the city’s ongoing fiscal reliance on the gaming industry. The amount collected so far represents 79.5 percent of the government’s annual gaming tax target.
