Content Writer: Janice Chew • Sunday, 25/12/2025 - 00:23:21 - AM
Macau’s government has collected just over MOP 86.74 billion (approximately US$10.82 billion) in gaming tax revenue from January through November 2025, marking a 7 percent year-on-year increase compared to the same period last year, according to figures released by the Financial Services Bureau. This robust intake highlights the continued strength of Macau’s casino sector as it remains central to the city’s fiscal health.
The data shows that gaming taxes accounted for nearly 82.9 percent of Macau’s total government revenue of MOP 104.65 billion during the same period, underscoring how deeply the city depends on its gambling industry for public funds. Macau’s casino operators are subject to an effective 40 percent tax rate on gross gaming revenue (GGR) under the current 10-year concession framework that took effect on January 1, 2023.
November’s gaming tax receipts alone were nearly MOP 9.27 billion, based on a reported GGR of MOP 24.09 billion in October — the strongest monthly casino performance since January 2020, just before the COVID-19 pandemic hit. This contributes significantly to the year-to-date tax haul and reflects a rebound in visitor spending and gaming activity across the city’s integrated resorts.
Despite the positive momentum, there are some timing nuances in the data: tax revenue records and reported GGR figures are not perfectly aligned due to administrative lags between when casinos generate revenue and when the government officially registers the corresponding tax payments. Nonetheless, the trend points to sustained recovery.
Earlier in the year, the Macau government revised its full-year GGR forecast downward by roughly 5 percent — from MOP 240 billion to MOP 228 billion — reflecting cautious expectations amid macroeconomic uncertainties. Still, with gaming tax revenue already surpassing US$10 billion through November, Macau appears on track to meet a substantial portion of its fiscal targets for 2025.
