The Macau SAR Government collected gaming tax revenue of MOP$7.34 billion (US$911 million) in January, representing a 365% increase over the same month in 2023 when tax take was just MOP$1.58 billion (US$195 million), according to figures from the Financial Services Bureau (DSF).
The significant improvement reflects the substantial recovery of Macau’s gaming industry over the past 12 months following the easing of border restrictions on 8 January 2023. From a low of MOP$42.2 billion (US$5.26 billion) in 2022, Macau GGR grew by 334% to reach MOP183.06 billion (US$22.75 billion) last year.
Macau’s January gaming tax correlates to the December GGR figure of MOP$18.57 billion (US$2.30 billion), which was 433% higher than December 2022.
In announcing January’s tax figures, the DSF also revealed it has budgeted gaming tax revenues of MOP$83.6 billion (US$10.4 billion) in 2024 – comprising 82% of its consolidated 2024 budget of MOP$102.0 billion (US$12.7 billion).
The January result reached 8.8% of the government’s gaming tax budget for the year ahead.
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