Macau, China, November 11, 2026. Macau collected MOP 81.53 billion (US$10.09 billion) in gaming taxes between January and October 2026, representing a 5.2% year-over-year increase. However, October contributed just MOP 6.96 billion (US$861 million), a 17% monthly decline from September’s MOP 8.39 billion, according to figures released on November 11 by the Financial Services Bureau (DSF).
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The monthly decline amounted to MOP 1.43 billion, while October’s tax revenue also fell approximately 1.4% compared with the same month in 2025. Cumulative growth slowed from 6.9% through August and 5.9% through September. Gaming taxes accounted for 84.1% of the government’s MOP 96.94 billion in current revenue, leaving MOP 15.41 billion generated from other sources.
The administration budgeted MOP 92.53 billion in gaming tax revenue for 2026. By October, it had achieved 88.1% of its target, leaving MOP 11 billion outstanding and requiring an average of MOP 5.5 billion per month during November and December.
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The Gaming Inspection and Coordination Bureau (DICJ) reported MOP 208.796 billion in gross gaming revenue (GGR) through October, up 1.6% from MOP 205.427 billion in 2025. October generated MOP 21.68 billion, a 10% year-over-year decline, despite increasing 20% compared with September. The government’s annual GGR target remains MOP 236 billion.
Ng Wai Han
Chief Executive Sam Hou Fai maintained that forecast in October. Secretary for Economy and Finance Ng Wai Han oversees the sector; Ho Silvestre In Mui heads the DSF, while Lio Chi Chong serves as acting director of the DICJ.
The six gaming concessions; Sands China, Galaxy, SJM, Melco, Wynn, and MGM, have been in effect since January 2023 and run through 2032, under an effective tax burden of approximately 40%. Differences in tax collection timing prevent direct comparisons between tax revenue and GGR. From June through October, GGR recorded five consecutive year-over-year declines, despite October’s monthly recovery.
