Macau Government Reports $1 Billion in Gaming Tax Revenue for November

Macau's Financial Services Bureau (DSF) has revealed that the government collected MOP$8.0 billion (US$999 million) in gaming tax revenue during November.

This marks a 6.4% increase compared to the same month in 2023 and a 20.3% rise from October 2024.

The gaming tax revenue for November corresponds to Macau’s gross gaming revenues (GGR) from October, which reached a new post-pandemic high of MOP$20.8 billion (US$2.60 billion).

From January to November of this year, Macau’s gaming tax revenue totaled MOP$81.05 billion (US$10.1 billion), reflecting a 37.2% year-on-year increase. The amount represents 96.9% of the government’s full-year 2024 gaming tax revenue estimate, set at MOP$83.6 billion (US$10.4 billion).

During the first 11 months of 2024, total government revenue reached MOP$100.5 billion (US$12.5 billion), equivalent to 98.5% of the government’s projected total revenue of MOP$102.3 billion (US$12.7 billion) for the fiscal year. Notably, gaming tax contributed 80.6% of the government’s total revenue during this period.

The data underscores the significance of the gaming sector to Macau’s public finances, particularly in light of its strong recovery following the pandemic-induced downturn. 

By fLEXI tEAM