Kangwon Land public payments hit $435.3m in 2025
The operator remained South Korea’s largest casino contributor to public funds in 2025.
South Korea.- Kangwon Land, the only South Korean casino open to local residents paid KRW603.3bn (US$435.3m) in taxes and contributions in 2025. It was the country’s largest casino contributor to public funds,
According to the latest data from the National Gambling Control Commission, Kangwon Land generated KRW14.317tn (US$10.33bn) in turnover during the year and recorded 2.4 million visitors. Its public payments comprised KRW248.6bn (US$179.4m) in taxes and KRW354.7bn (US$255.9m) in fund contributions. National taxes accounted for KRW226.9bn (US$163.7m), while local taxes amounted to KRW21.7bn (US$15.7m).
Kangwon Land’s total payments were substantially higher than those made by South Korea’s 17 foreigner-only casinos. The segment generated KRW22.638tn (US$16.33bn) in turnover but paid KRW367.1bn (US$264.9m) in combined taxes and fund contributions.
The foreigner-only casinos contributed KRW117bn (US$84.4m) in national taxes, KRW30.6bn (US$22.1m) in local taxes and KRW219.5bn (US$158.4m) to funds. Kangwon Land’s tax contribution rate stood at 17.4 per cent of gross gambling yield, while its fund contribution rate was 24.8 per cent. For foreigner-only casinos, the corresponding rates were 6.5 per cent and 9.7 per cent.
Across South Korea’s regulated gambling industry, total turnover reached KRW260.273tn (US$187.8bn) in 2025. Sports Toto generated the largest turnover at KRW76.589tn (US$55.3bn), followed by bicycle racing at KRW64.240tn (US$46.4bn) and horse racing at KRW22.638tn (US$16.3bn).
Total gross gambling yield across the sectors stood at KRW118.612tn (US$85.6bn). The gambling industry paid KRW20.307tn (US$14.7bn) in taxes and contributed KRW57.481tn (US$41.5bn) to various funds.
