Macau gaming tax revenue flat in first five months of the year
The government collected MOP37.10bn from casino operations.
Macau.- The Financial Services Bureau has reported that Macau collected MOP37.10bn (US$4.59bn) in casino taxes in the first five months of the year. The figure was flat in year-on-year terms. For May, MOP7.27bn (US$0.90bn) was collected, down 4.8 per cent sequentially.
The government’s original 2025 budget plan forecast revenue from gaming taxes of MOP93.12bn (US$11.52bn), but the government has since dropped its gross gaming revenue forecast for this year by 5 per cent from MOP240bn (US$29.8bn) to MOP228bn (US$28.3bn).
The tax take for the first five months represents 39.84 per cent of the original target and 86.4 per cent of all state revenue (MOP42.97bn).
In May, gross gaming revenue (GGR) was MOP21.19bn (US$2.62bn). That’s an increase of 1.7 per cent from May 2024 and 12.4 month-on-month. It was the city’s best monthly performance post-Covid-19. Cumulatively, Macau’s GGR for the first five months of 2025 was MOP97.7bn (US$12.1bn), up 1.7 per cent year-on-year. The figure was 77 per cent of the same period of 2019 (MOP125.6bn) (US$5.5bn).
Tax revenue figures cannot be directly compared because there is usually a delay between when GGR is documented and when the government recognises the tax as being paid. Under the 10-year concessions that came into effect on January 1, 2023, casinos pay 40 per cent on GGR.
