Some 4.95 billion patacas in gaming taxes were generated in April, off the back of 12.7 billion patacas in gross gaming revenue in March. That’s according to the latest data from the Financial Services Bureau, cited in industry media.
The haul is 23 percent higher than the taxes made from gaming in March, in line with Macao’s rapidly recovering casino sector.
The figures show that a total of 15.1 billion patacas in gaming taxes were made in the first four months of the year, or more than 75 percent of the Macao government’s total 20.1 billion revenue for the same period.
The government expects to raise more than 50.9 billion patacas in gaming taxes in 2023.
Taxes on gaming in Macao include a 35 percent levy paid to the government plus another 5 percent in various imposts for community needs.
Meanwhile, according to an estimate this week by the Macau Economic Association, this year’s gross gaming revenue will exceed the government target of 130 billion patacas.
The association said 38 percent of the official target, or 49.3 billion patacas, had already been made in the first four months of the year.