Macau’s Gaming Revenue Accelerates in Q1 of 2026

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Macau gaming revenue

Macau’s gaming sector kept government finances on a strong footing in the first quarter of 2026, with the Financial Services Bureau reporting MOP25.8 billion, (US$3.2 billion), in gaming tax receipts.

Macau gaming revenue
Key Takeaways:
  • Gaming tax revenue increases 15.9% year-over-year in Q1 2026
  • Revenue remains the main source of public income at nearly 90%
  • Budget targets are being met slightly ahead of schedule, reflecting ongoing casino recovery

According to Inside Asian Gaming, that was up 15.9% from a year earlier and reflected the city’s continued casino recovery, with first-quarter gross gaming revenue reaching MOP65.87 billion (US$8.17 million).

Revenue Dominated by Gaming

Gaming remained the backbone of public income, accounting for 89.8% of Macau’s current revenue in the March quarter. The city collected just over MOP8.87 billion (US$1.1 million) in gaming tax in March alone, up 2.1% from February. 

Macau’s current concession regime applies an effective 40% tax rate to casino GGR, making operating trends in the gaming floor the clearest driver of fiscal performance.

Budget Targets Remain on Track

The first-quarter numbers broadly match Macau’s 2026 budget assumptions, which call for total fiscal revenue of MOP114.29 billion (US$14.23 million), including about MOP92.53 billion (US$11.52 million) from gaming. 

By the end of March, overall revenue execution had reached 25.4%, while gaming-related income was 27.9% of the full-year target, suggesting collections are running slightly ahead of plan. Macau’s 2025 gross gaming revenue reached MOP247.4 billion (US$30.84 million), the highest since 2019.