In 2024, the Macau government collected MOP$88.1 billion (US$11.0 billion) in gaming tax revenue, marking a 35.0 percent increase compared to the previous year’s MOP$65.3 billion (US$8.15 billion).
As per data from the Macau’s Financial Services Bureau (DSF), the total tax collected for the year 2024 included MOP$7.08 billion collected in December. This marked a 14.4 percent year-on-year growth; however, it reflected a 13.0 percent decline compared to November’s revenue figures.
The December figure correlates to the gaming sector’s steady pace for the month of November, when gross gaming revenue (GGR) came in at MOP$18.4 billion. The 2024 gaming tax revenue represents 80.5 percent of the total tax revenue collected by the government in the year.
January tax figures
The government has already announced the gaming tax figures for January, which came in at MOP$7.19 billion, according to the data from the DSF. The figure is down 2.1 percent from the same period last year. The tax collected in January represents 7.7 percent of the government’s 2025 budget.
As per official data, revenue from gaming tax is anticipated to reach about MOP93.12 billion this year. For the month, data finds that tax revenue from gaming brought in about 85.6 percent of the total revenue. Total revenue for the month stood at nearly MOP8.40 billion.
GGR for February and January
Macau’s Gaming Inspection and Coordination Bureau (DICJ) has recently reported a rise in total gaming revenue for February 2025. For the month, total gaming gross revenue (GGR) was up 6.8 percent year-on-year to reach MOP19.74 billion ($2.46 billion).
The GGR for February came in 8.2 percent higher than the corresponding period last year, when gaming revenue reached MOP$18.3 billion. For the combined two months of 2025, GGR reached MOP$38.0 billion, this is up 0.5 percent compared with the same period last year.
February’s result comes after operators reported strong post-Chinese New Year demand which helped soften the blow that the city’s casinos faced during the “softer than originally forecast” Lunar New Year Golden Week.
In January, Macau’s GGR came at MOP 18.25 billion. reflecting a 5.6 percent year-on-year decline. This marked the second consecutive month of year-on-year losses after December’s 2 percent GGR decline. January’s fall was despite analysts anticipating a more modest decline due to the seasonal lead-up to the Lunar New Year. The fall has raised concerns about Macau’s recovery trajectory, with factors like reduced VIP play, a shifting regulatory environment and economic conditions in China influencing market performance.
