Macau’s gaming tax revenue up 35% to $11 billion in 2024

Macau’s government collected MOP$88.1 billion ($11.0 billion) in gaming tax revenue in 2024, marking a 35% increase from the MOP$65.3 billion ($8.15 billion) collected in 2023, according to data from the Financial Services Bureau.  

The 2024 tax revenue also exceeded government projections by 5.4%, surpassing the initial forecast of MOP$83.6 billion ($10.4 billion).  

In December 2024, Macau collected MOP$7.08 billion ($884 million) in gaming tax, reflecting a 14.4% year-on-year increase but a 13% decline from November’s figures. The December tax intake corresponds to November’s gross gaming revenue (GGR) of MOP$18.4 billion ($2.30 billion).  

The government has already reported MOP$7.19 billion ($896 million) in gaming tax for January 2025, accounting for 7.7% of the projected MOP$93.1 billion ($11.6 billion) budget for the year.  

Gaming remains the dominant revenue source for Macau, contributing 80.5% of the region’s total tax revenue of MOP$109.5 billion ($13.7 billion) in 2024. However, collections remain 21.8% below pre-pandemic levels, as the government collected MOP$112.7 billion ($14.2 billion) in 2019, before COVID-19 disrupted the sector.  

Under Macau’s 10-year gaming concession system, which took effect on January 1, 2023, casino operators face an effective tax rate of 40% on GGR. However, tax collection figures often lag behind recorded gaming revenues due to administrative delays.  

For 2025, Macau’s government anticipates MOP$93.1 billion ($11.6 billion) in gaming tax revenue, signaling cautious optimism amid a steady recovery in the casino sector. January’s tax revenue of MOP$7.19 billion suggests a strong start to the year, positioning Macau to meet its fiscal targets.