According to data recently released by the Macao Financial Services Administration, the Macao government made 45.77 billion pounds ($5.68 billion) in fiscal revenues from taxes on games in the first nine months of this year.
Total intake in January-September, when travel restrictions related to COVID-19 were still maintained, increased 202.7% year-on-year.
In September this year alone, the government earned about 6.65 billion won from game taxes, up nearly 3.3 percent from August’s revenue from game taxes.
Under Macau’s new 10-year gaming permit system, which took effect on Jan. 1, the effective tax on casino gross gaming revenue (GGR) is 40 percent.
Macau’s casino GGR hit 128.95 billion MOP in the nine months to September 30, up 305.3% from the same period in 2022.
Tax collection figures for a given calendar period and urban casino GGRs for such periods are not directly compared for a number of reasons. They generally include the fact that there is a delay between when GGRs were recorded in Macau casino operations and when taxes were registered as paid by the Macau government.
According to the government’s budget plan, game tax revenue will be just above MOP 50.85 billion this year. Revenue for the first nine months of 2023 already represents 90.0% of that figure.