Direct taxes from gaming accounted for more than 83% of the Macau government’s total revenue in the first five months of 2018, which stood at approximately US$6.65 billion.
Aggregate gross gaming revenue (GGR) market wide in Macau in the first five months of 2018 was US$15.8 billion, up by 20.1% year-on-year, according to the data from the city’s casino regulator, the Gaming Inspection and Coordination Bureau.
Macau charges an effective tax rate of 39% on casino GGR – with 35% points in direct government tax, and the remainder in a number of levies to pay for a range of community good causes.
In its annual budget, the government forecast that it would collect US$10.2 billion in direct taxes from gaming in 2018. As of the calendar year to May 30, the execution rate of this item stood at 54.3%, according to the latest data from the finance bureau.
Source: GMB / GGR Asia
