Macau gaming taxes contribute US$873m to tourism and social welfare in 2024

Macau’s gross gaming revenue for 2024 was US$28.39bn.

Macau.- The Macau Legislative Assembly (AL) has reported that gaming tax revenue allocated to tourism promotion and social security reached MOP6.69bn (US$837m) in 2024, up 34.1 per cent compared to 2023.

In a review of the 2024 Budget Implementation Report, the Gaming Inspection and Coordination Bureau (DICJ) noted that Macau’s gross gaming revenue (GGR) for 2024 was MOP226.78bn (US$28.39bn), up 23.8 per cent year-on-year.

The report shows that the two main revenue streams from GGR, the Special Gaming Tax and the allocation for Urban Development, Tourism Promotion and Social Security, rose by 35.2 per cent and 34.1 per cent, respectively. The former, which is charged at 35 per cent of GGR, is estimated at MOP88.13bn (US$11.0bn).

Under Macau’s gaming law, 5 per cent of gross gaming revenue is directed toward local social development funds, 3 per cent for urban development, tourism promotion, and social security and 2 per cent for public funds that promote or research cultural, social, economic, educational, scientific, academic, and charitable activities.

In July, the Legislative Assembly passed the 2025 fiscal budget amendment bill, which forecasts annual gaming tax revenue of MOP79.8bn (US$9.87bn) for the year, 5 per cent lower than previously expected after the government cut its GGR estimate from MOP240bn to MOP228bn ($28.2bn). At the time of the revised forecast, Ho In Mui, deputy director of the Financial Services Bureau, cited global economic conditions and changes in tourist consumption patterns as factors.

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See also: Analysts expect Macau GGR to rise by as much as 17 per cent in December

Macau’s gross gaming revenue for 2024 was US$28.39bn. Macau.- The Macau Legislative Assembly (AL) has reported that gaming tax revenue allocated to tourism promotion and social security reached MOP6.69bn (US$837m)…