During the first 10 months of the year, the Macau government collected some MOP73.04 billion ($9.11 billion) in taxes on gaming revenue, representing approximately 82 percent of the SAR’s total revenue during the period.
The figure also represents yearly growth of 41.7 percent.
Data published by the Financial Services Bureau (DSF) indicate that the October tax tally on gaming revenue was approximately MOP6.65 billion ($829.28 million).
During the 10-month period, taxation on gaming revenue amounted to approximately 87.4 percent of the total expected MOP83.6 billion ($10.43 billion) expected from the sector in the group’s 2024 budget.
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.
