According to a report released by Macau’s Legislative Assembly (AL), gaming operators contributed MOP$6.7 billion (US$836 million) in gaming tax revenue to “urban development, tourism promotion and social security” in 2024, marking a 34.1% year-on-year increase. The AL reviewed the 2024 Budget Implementation Report on Tuesday.
Macau’s gross gaming revenue reached MOP$226.8 billion (US$28.3 billion) in 2024, with the special gaming tax revenue transferred to the Macao SAR Government (35% of GGR) estimated at MOP$88 billion (US$11 billion), representing a 35.2% year-on-year increase.
Under Macau law, 5% of GGR is allocated for local social development, of which 3% is earmarked for urban development, tourism promotion and social security provision and 2% to “public funds dedicated to promoting, developing or researching cultural, social, economic, educational, scientific, academic and charitable activities.”
As stipulated by law, Macau gaming operators can also receive a gaming tax reduction of up to 5% if they successfully attract foreign customers. However, the report does not show this information.
Regarding other gaming tax revenue data, sports lottery gaming tax revenue amounted to approximately MOP$157 million (US$19.6 million), a 4.4% increase from 2023 but only reaching 87.7% of the government’s projected figure of MOP$179 million (US$22.3 million).
