Macau’s gaming tax revenue hits US$10.8 billion through November

The Macau government collected just over MOP86.74 billion (US$10.82 billion) in fiscal revenue from gaming in the first 11 months of 2025, up 7.0 percent from the prior-year period, according to the latest data released on Friday by the city’s Financial Services Bureau.

The November figure from gaming tax was nearly MOP9.27 billion. That was based on casino gross gaming revenue (GGR) of MOP24.09 billion in October, which was the best monthly performance since January 2020, just before the onset of the Covid-19 pandemic.

Under Macau’s 10-year gaming concession system that started on January 1, 2023, the effective tax on casino GGR is 40 percent.

The latest data from the Financial Services Bureau show that gaming taxes accounted for nearly 82.9 percent of the Macau government’s nearly MOP104.65 billion in current revenue recorded in the calendar year to November 30.

The tax-take figures for a given calendar period and the city’s casino GGR during the same time frame are not directly comparable for several reasons. These include the fact that there is typically a delay between the point at which GGR is recorded by Macau’s casino operators and the point at which the government registers the corresponding tax payment.

Earlier this year, the Macau government reduced its 2025 GGR forecast by around 5 percent, to MOP228 billion from a previous projection of MOP240 billion.

The government now expects nearly MOP88.56 billion in revenue from gaming taxes this year.

November’s official GGR tally took the Macau sector’s aggregate so far this year to circa MOP226.52 billion, an 8.6-percent increase from the prior-year period, according to official data.