In its latest budget proposal, the Macao SAR Government has projected gross gaming revenue to reach MOP$236 billion (US$29.5 billion) in 2026 – an average of MOP$19.67 billion (US$2.46 billion) per month and lower than the anticipated GGR for this year. That’s despite industry analysts widely forecasting GGR to grow by single digits next year.
In the “2026 Fiscal Year Budget Proposal” submitted to the Legislative Assembly, the government highlighted that the steady growth in visitor arrivals demonstrates the effectiveness of the SAR government’s tourism promotion initiatives.
“From May to August, gross gaming revenue recorded approximately MOP$20 billion (US$2.5 billion) for four consecutive months, indicating a steady upward trend in the tourism and gaming sector,” it said.
“Looking ahead to 2026, Macau’s tourism industry is expected to sustain its development momentum amid various favorable factors.”
However, the government also noted that, given the need to consider uncertainties in the external environment and economic conditions, it had taken a cautious approach to its forecast after comprehensively weighing all factors. The 2026 figure serves as the primary fiscal revenue basis for the 2026 budget.
This forecast is approximately 3.5% higher than the government’s most recent 2025 gaming revenue projection of MOP$228 billion (US$28.5 billion) but lower than the initial 2024 estimate of MOP$240 billion (US$30 billion).
From January to October, Macau’s GGR reached MOP$205.4 billion (US$25.7 billion), an 8% year-on-year increase, and is expected to comfortably meet the government’s budget target.
