Macau authorities estimate 2026 will end with a total of MOP92.7 billion ($11.6 billion) in taxes collected from public concessions, the majority of which is represented by gaming taxes.
This amount, included in the Macau SAR 2026 Policy Address document, if achieved, would represent 80 percent of the total MOP114.8 billion ($14.4 billion) in taxes collected during the year. Revenue from concessions is divided into gaming concessions revenue and public utilities revenue, with the former comprising most of this value.
The amount projected by the Macau government would represent a slight reduction from the MOP93.3 billion ($11.7 billion) predicted for 2025.
For the first 10 months of 2025, gaming tax revenues totaled MOP77.5 billion ($9.68 billion), a 6.1 percent increase from the same period in 2024, contributing to an overall government revenue of MOP92.6 billion ($11.6 billion), with gaming tax representing 78.9 percent of this total.
Under Macau’s 10-year gaming concession system, which began on January 1, 2023, the effective tax on casino gross gaming revenue (GGR) is 40 percent.
The government’s annual budget for gaming duty revenue in 2025 so far is MOP93.1 billion ($11.6 billion), meaning that the revenue collected in the first ten months has reached 87.5 percent of its target.
The city’s top official, Sam Hou Fai, in his recent Policy Address, warned that gross gaming revenue (GGR) remains below expectations and is unlikely to meet targets by the end of the year, citing the sector’s vulnerability to external economic conditions.
Macau authorities chose not to provide their usual estimate for the 2026 GGR, citing an unstable and unpredictable international economic environment.
Earlier this year, the city government reduced its 2025 GGR forecast by around 5 percent, to MOP228 billion ($28.5 billion) from a previous projection of MOP240 billion ($30.0 billion).
While Macau has experienced a surge in tourism, not all of this has translated into GGR gain, and certain complications – such as typhoons – have hindered growth in key periods that would normally drive its expansion.
