The Macau government collected a total of MOP$5.08 billion (US$634 million) in gaming tax revenue in October, down 23.6% compared with September although 320% higher than the same month in 2022.
The October tax figure is related to gross gaming revenues collected in September, when GGR declined by 13% month-on-month to MOP$14.94 billion (US$1.86 billion) due to seasonality and adverse weather events including Super Typhoon Saola. The year-on-year improvement reflects the ongoing recovery of Macau’s gaming and tourism industries since borders were reopened to the world on 8 January.
Gaming tax revenue for the first 10 months of 2023 reached MOP$51.6 billion (US$6.44 billion), up 216% year-on-year. It also means the Macau SAR Government has already exceeded its slated budget of MOP$50.85 billion (US$6.34 billion) for FY23.
Total revenue generated by the government through October sits at MOP$65.7 billion (US$8.20 billion), meaning gaming tax has contributed 78.5% of Macau-wide income for the period.
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