Macau Gaming Tax Revenue Exceeds US$10 Billion in 2026

China – 13 November 2026 – www.zonadeazar.com The Macau Government has collected more than US$10 billion in gaming taxes during the first ten months of 2026, despite a year-on-year decline in October.

According to figures released by the Financial Services Bureau (DSF), gaming tax revenue reached MOP81.53 billion (US$10.09 billion) between January and October, representing 5.2% growth compared with the corresponding period in 2025.

The results confirm the casino industry’s importance to Macau’s public finances, although the pace of growth has moderated during recent months.

October Revenue Declines 1.4%

During October 2026, the Government collected MOP6.96 billion (US$861 million) in gaming taxes.

The figure represents a 1.4% year-on-year decline and a 17% decrease compared with September, when tax revenue reached MOP8.39 billion.

The monthly decline contrasts with the positive cumulative performance recorded throughout the year.

September collections had also fallen compared with the previous year, although the overall ten-month result remains higher than in 2025.

Cumulative Growth Continues to Moderate

Macau’s gaming tax revenue has recorded varying growth rates throughout 2026.

Key cumulative figures include:

• January-August: MOP66.17 billion, representing 6.9% year-on-year growth.
• January-September: MOP74.56 billion, an increase of 5.9%.
• January-October: MOP81.53 billion, up 5.2%.

This trend demonstrates a gradual slowdown in the rate of growth, although gaming tax receipts remain above the levels recorded during the previous year.

Casinos Account for 83% of Government Revenue

Macau’s public finances remain highly dependent on the gaming industry.

Between January and October, total government revenue reached approximately MOP98.2 billion (US$12.2 billion).

Of this amount, 83% came from casino gaming taxes.

When considering current government revenue alone, the gaming industry’s contribution increases to 84.1%.

These figures highlight the sector’s importance in financing public expenditure and supporting the special administrative region’s wider economy.

Government Reaches 88.1% of Annual Target

For the 2026 financial year, the Macau Government established a gaming tax revenue forecast of approximately MOP92.53 billion (US$11.45 billion).

By the end of October, collections had already reached 88.1% of this annual target.

The remaining amount is approximately MOP11 billion, which would need to be collected during November and December to meet the budgeted figure.

Performance during the final two months will therefore be important in determining whether the annual forecast is achieved.

Gross Gaming Revenue Also Declines

Gaming tax performance is closely related to casino trading activity, although the figures do not necessarily correspond to the same reporting period.

In September, casino gross gaming revenue (GGR) reached approximately MOP18.1 billion (US$2.24 billion), representing a 1.2% year-on-year decline.

Gaming taxes collected in October largely reflect casino activity during September because of the usual delay between revenue generation and tax payments.

Consequently, fiscal revenue should not be directly compared with gross gaming revenue recorded during the same calendar month.

Gaming Tax Framework Reaches 40%

Since 1 January 2023, Macau has operated under a ten-year gaming concession system.

The framework establishes an effective tax burden of approximately 40% of casino gross gaming revenue.

This includes a direct gaming tax of 35% alongside additional contributions supporting public objectives.

The structure allows a significant proportion of revenue generated by casino operators to be transferred to the Government.

All six licensed concessionaires operate under this framework, which remains in force until the end of 2032.

Government Maintains FY2026 Forecast

Macau authorities continue to forecast MOP236 billion (US$29.2 billion) in gross gaming revenue for the full 2026 financial year.

By the end of October, casinos had generated approximately MOP208.8 billion, equivalent to 88.5% of the annual forecast.

Chief Executive Sam Hou Fai stated in October that there were no immediate plans to revise the estimate.

The Government will continue monitoring commercial and fiscal performance during the remainder of the year.

Industry Impact and Next Steps

Gaming tax collections exceeding US$10 billion confirm Macau’s position as one of the world’s leading casino destinations.

However, the declines recorded in September and October demonstrate that market growth remains uneven.

For casino operators, the final months of 2026 will provide important indicators of customer demand and commercial prospects for 2027.

With MOP81.53 billion collected and cumulative growth of 5.2%, Macau continues benefiting from substantial gaming tax contributions, although October’s decline highlights a moderation in the industry’s expansion.

Editó: @fonta