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Gaming tax revenue has shot up by almost 25 percent compared to last month

New figures show that gaming taxes accounted for more than 75 percent of the Macao government’s total revenue for the first four months of 2023.

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New figures show that gaming taxes accounted for more than 75 percent of the Macao government’s total revenue for the first four months of 2023.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 21 Dec 2023, 11:33 pm

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.

[See more: Top gaming industry figure backs calls for diversification]

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. 

 

UPDATED: 21 Dec 2023, 11:33 pm

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