The Macau government estimates it will collect MOP91 billion (US$11.2 billion) in gaming taxes in 2020, according to the Chief Executive budget proposal for next year.
Local authorities’ budget estimates tend to be conservative, with the Macau government having estimated 2019 would finish with MOP98.5 billion in gaming taxes collected and MOP114.9 billion in collected revenue.
However, authorities have already collected nearly MOP85.66 billion in tax revenue from the city’s gaming industry in the first nine months of this year, a 0.33 per cent year-on-year rise.
The Macau government collects a 35 per cent tax on casino gaming revenues but other levies raising the effective tax rate to 39 per cent.
Just between January and October of this year accumulated revenues from the gaming sector have already reached MOP246.7 billion.
Meanwhile, the Macau government collected around MOP106.5 billion in gaming taxes in 2018, a 13.6 per cent increase from the year prior, with the year having finished with a total of MOP302.8 billion
The 2020 budget also estimates a 0.3 per cent increase in Macau’s overall revenue to MOP122.6 billion, with expenses to fall 2.6 per cent to MOP100.6 billion, and with an expected surplus of MOP20.7 billion.
