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Macau collected almost MOP81.53 billion (US$10.09 billion) in gaming tax revenue during the first 10 months of 2026, up 5.2% from the same period last year.
October collections came to just over MOP6.96 billion (US$861 million), down 17% from MOP8.39 billion in September and 1.4% lower than a year earlier.
The monthly tax figures do not align directly with casino gross gaming revenue because there is usually a delay between operators recording GGR and the government receiving the corresponding tax payments.
October’s tax collection therefore broadly reflects September casino activity, when Macau operators generated MOP18.1 billion in GGR, down 1.2% year-on-year.
Gaming Taxes Continue to Dominate Public Revenue
Casino taxation remains Macau’s main source of government income.
Gaming taxes accounted for 84.1% of approximately MOP96.94 billion in current revenue recorded through October 31. According to Inside Asian Gaming, a broader government revenue measure placed total income at about MOP98.2 billion, with gaming contributing around 83%.
Macau’s 10-year gaming concession system took effect on January 1, 2023. Under the framework, the effective tax rate on casino GGR is about 40%.
The timing difference between GGR and tax receipts means monthly movements in the two figures can vary, even when they relate to the same underlying casino activity.
The government expects to collect just over MOP92.53 billion in gaming tax revenue for 2026.
The MOP81.53 billion recorded through October represents 88.1% of that target.
Macau has also forecast full-year casino GGR of MOP236 billion. By October 31, year-to-date GGR stood at just under MOP208.80 billion, or about 88.5% of the annual estimate.
Chief Executive Sam Hou Fai said in mid-October that there were no plans at that point to revise the GGR forecast.
October Falls After Stronger September
The October tax result marked a clear monthly slowdown after September’s MOP8.39 billion collection.
The decline amounted to roughly MOP1.43 billion month-on-month, while the year-on-year decrease was much smaller at 1.4%.
Despite the weaker October figure, cumulative gaming tax revenue remains ahead of the 2025 pace and close to the level implied by the government’s full-year target.
