Macau gaming tax revenues exceed $1.8 billion by February

The Macau government earned $14.88 billion ($1.84 billion) in fiscal revenue from taxes on games in the first two months of 2024, the latest data released by the country’s Financial Services Bureau on Friday showed.

Total tax collections so far this year are up 142.9% year over year.

In February this year alone, the government collected about 7.46 billion in gaming tax revenue, up 1.6% from the previous month.

Under Macau’s 10-year gaming subsidy scheme, which took effect on January 1 last year, the effective tax on casino gross gaming revenue (GGR) is 40%.

Tax collection figures for a particular calendar period and the GGR of urban casinos for those periods are not directly comparable for a number of reasons. These include the fact that there is usually a delay between when the GGR is recorded in Macau casino operations and when the Macau government registers as paying taxes.

According to the government’s 2024 budget, revenue from the gaming tax is expected to approach the MOP of $83.61 billion this year.

Macao authorities collected MOP652.6 billion in revenue from the gaming tax for all of 2023, achieving a surplus of 28.3% in last year’s budgeted gaming tax revenue.

BY: 바카라 필승법

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