The Macau government collected just over MOP61.88 billion (US$7.71 billion) in fiscal revenue from gaming in the first eight months of 2025, up 5.3 percent from a year earlier, according to the latest data released by the city’s Financial Services Bureau on Thursday.
In August alone, the government received almost MOP8.51 billion in tax from gaming, showed the official data.
Under Macau’s 10-year gaming concession system, which came into effect on January 1, 2023, the effective tax on casino gross gaming revenue (GGR) is 40 percent.
The tax-take figures for a given calendar period and the city’s casino GGR during the same time frame are not directly comparable for several reasons. These include the fact that there is typically a delay between the point at which GGR is recorded in Macau’s casino operations and the point at which tax is registered by the government as having been paid on such play.
Earlier this year, the Macau government reduced by around 5 percent its 2025 forecast for GGR, to MOP228 billion, from a previous projection of MOP240 billion.
The government now expects nearly MOP88.56 billion in revenue from gaming taxes this year.
The latest data from the Financial Services Bureau show that gaming taxes accounted for approximately 86 percent of the Macau government’s MOP71.99 billion in current revenue recorded in the year to August 31.
Casino GGR in August rose by 12.2 percent year on year, standing at nearly MOP22.16 billion, marking the best monthly performance since January 2020, just before the onset of the Covid-19 pandemic, according to official data.
The August tally took the aggregate GGR so far this year to circa MO163.05 billion, 7.2-percent higher than in the prior-year period.
In July – the month upon which the August gaming tax was calculated – casino GGR stood at MOP22.13 billion, 19.0 percent higher than in the prior-year period. Before August, July had been the best monthly performance since the onset of the pandemic.
Earlier this month, several brokerages have raised their Macau full-year 2025 GGR forecast: Jefferies Hong Kong Ltd now expects it to reach MOP248 billion, while CLSA has upped its estimate to HKD245.7 billion (US$30.6 billion).
