The Macau SAR Government collected gaming tax revenue of MOP$7.46 billion (US$926 million) in February, representing a 63% increase over the same month in 2023 when tax take was MOP$4.51 billion (US$195 million), according to figures from the Financial Services Bureau (DSF). It was also 1.6% higher than January.
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 MOP183.06 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 February gaming tax correlates to the January GGR of Macau’s concessionaires, which came in at MOP$19.33 billion (US$2.40 billion) to be 67% higher versus the same period in 2023.
For the first two months of 2024 combined, gaming tax revenue has reached MOP$14.8 billion (US$1.84 billion), up 143% year-on-year and enough to hit 17.7% of the government’s FY24 budget of MOP$83.6 billion (US$10.4 billion).
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