Macau’s casino sector continues to underpin the city’s economy, driving substantial revenue growth and tax contributions in 2025. According to data from the Financial Services Bureau, the government collected MOP70.41 billion ($8.78 billion) in gaming-related taxes from January to September, marking a 6 percent increase compared to the same period last year. This growth reflects the sustained recovery of Macau’s casino industry, which remains the backbone of public finances.
Gross gaming revenue (GGR) for the first nine months of 2025 reached MOP181.3 billion ($22.58 billion), a 7.1 percent year-on-year increase. August alone contributed MOP8.53 billion ($1.06 billion) in gaming taxes, slightly higher than July’s receipts, indicating consistent performance from Macau’s six licensed casino operators. Under the city’s current 10-year gaming concession framework, the effective tax rate on casino GGR remains around 40 percent, solidifying the sector’s critical contribution to government revenues.
Gaming taxes now account for approximately 85.2 percent of Macau’s total revenue of MOP82.63 billion ($10.27 billion), highlighting the government’s continued fiscal reliance on the casino industry. While the government revised its full-year GGR forecast downward to MOP228 billion ($28.37 billion) amid cautious economic expectations, Citigroup upgraded its estimate to MOP248.6 billion ($31.1 billion), citing stronger tourism recovery and increased casino activity. Analysts note that entertainment events and the growing popularity of baccarat side bets are driving higher gaming volumes across integrated resorts.
These trends suggest that Macau’s casinos could exceed revenue expectations by the end of 2025, reinforcing the city’s position as a global gaming hub. The robust tax contributions underscore the sector’s vital role in funding public services and supporting economic development, demonstrating that Macau’s casino industry continues to be a critical pillar of its financial and social infrastructure.
