The Macau government collected MOP$22.2 billion (US$2.79 billion) in gaming tax revenue in the three months through 31 March 2025, just 0.2% higher than the same period last year.
The tax take is reflective of Macau’s flat gaming revenue, which registered a very slight 0.6% year-on-year increase to MOP$57.7 billion (US$7.19 billion) as per figures previously released by the Gaming Inspection and Coordination Bureau (DICJ).
According to information from Macau’s Financial Services Bureau (DSF), the 1Q25 total included gaming tax of MOP$7.96 billion (US$996 million) in March – up 11.6% year-on-year.
The March tax figure correlates to Macau’s gross gaming revenues for the month of February, when GGR came in at MOP$19.7 billion (US$2.46 billion).
The government has announced its annual budget for gaming tax is set at MOP$93.1 billion (US$11.6 billion) in FY25, with the current run rate of 23.8% tracking slightly below expectations.
The 1Q25 gaming tax figure means the gaming industry contributed 88.1% of Macau’s total tax revenue of MOP$25.2 billion (US$3.15 billion).
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