Macau’s gaming tax revenue reached just under MOP66.40 billion ($8.31 billion) in the first nine months of this year, surpassing the full-year total of MOP65.26 billion ($8.16 billion) collected in 2023, according to official data released by the Macau Financial Bureau (FSB).
From January to September, tax revenue from gaming increased by 45.1 percent compared to the same period last year.
In September alone, the government collected MOP7.62 billion ($953 million) in gaming taxes, a 6.4 percent rise from August, as reported by the Financial Services Bureau on Thursday.
Gaming taxes accounted for 83.1 percent of Macau’s total revenue for the first nine months of 2024, with overall tax revenue standing at MOP79.92 billion ($9.97 billion).
The government’s 2024 budget plan anticipates gaming tax revenue to reach nearly MOP83.61 billion ($10.43 billion), with the current take representing 79.4 percent of that target.
Under Macau’s 10-year gaming concession system, which came into effect on January 1st of last year, the effective tax rate on casino gross gaming revenue (GGR) stands at 40 percent.
