The Macau SAR Government collected gaming tax revenue of MOP$7.13 billion (US$883 million) in March, representing a 77% increase over the same month in 2023 when tax take was MOP$4.02 billion (US$498 million), according to figures from the Financial Services Bureau (DSF). It was, however, 4.4% lower than in February.
The significant year-on-year 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 MOP$183.06 billion (US$22.75 billion) last year.
The DSF recently revealed that gaming tax revenue climbed by 241% year-on-year to MOP$65.3 billion (US$8.10 billion) in 2023.
Macau’s March gaming tax correlates to the February GGR of Macau’s concessionaires, which came in at MOP$18.5 billion (US$2.3 billion) to be 79% higher versus the same period in 2023.
For the first three months of 2024 combined, gaming tax revenue reached MOP$21.9 billion (US$2.71 billion), up 117% year-on-year and enough to hit 26.2% of the government’s FY24 budget of MOP$83.6 billion (US$10.4 billion).
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