MAR 23 DE ABRIL DE 2024 - 06:29hs.
Forecast

Macau government expects US$12.16 billion in taxes in 2019

Macau’s Financial Services Bureau (DSF) says it is expecting approximately US$12.16 billion in gaming taxes this year, representing a 13 percent increase over 2018, local media reports. Most of the gaming tax revenue is expected to come from games of fortune, which is estimated to bring in around US$12.10 billion in tax revenue in 2019.

Tax revenue from horse racing is also expected to increase, rising 50% to US$520,000, while tax revenue from Chinese lottery is estimated to increase 30 percent to US$ 359,000.

However, the DSF says it expects instant and sports lottery tax revenue to fall 1.3 percent.

Currently, Macau taxes operators with a 35 percent tax on gross gaming revenue, in addition to a 1.6 percent contribution to the Macao Foundation, and a 2.4 percent contribution to urban development, tourism, and social security.

Source: GMB / AG Brief