TLDR
- Macau collected MOP$81.5 billion (US$10.1 billion) in gaming taxes from January to October.
- That total reached 88.1% of the MOP$92.5 billion full-year budget.
- The city needs about MOP$11 billion more in November and December to meet its target.
- October collections fell 17% from September and 1.4% from a year earlier.
- Gaming taxes made up 83.0% of all government revenue in the first 10 months.
Macau has collected 88.1% of its full-year gaming tax target with two months left in 2026. The city needs about MOP$11 billion more in November and December to reach its budget goal.
The government set its 2026 budget for gaming tax revenue at MOP$92.5 billion, or about US$11.5 billion. From January through October, it collected MOP$81.5 billion, or US$10.1 billion. The budget covers the full 2026 fiscal year.
That 10-month total is 5.2% higher than the same period in 2025. It also pushed the city’s gaming tax income for the year past the US$10 billion mark.
What the Remaining Gap Looks Like
Subtracting the amount already collected from the budget leaves a gap of MOP$11 billion. Split evenly, that works out to about MOP$5.5 billion per month for November and December. This figure is based on the government’s own full-year forecast.
So far this year, Macau has averaged roughly MOP$8.15 billion in gaming tax each month. That average is based on the MOP$81.5 billion collected over 10 months. It is higher than the MOP$5.5 billion needed for each of the final two months.
October’s collection alone was MOP$6.96 billion, or US$861 million. That amount is above the monthly pace needed to meet the budget, even though it was lower than September’s total.
The October total was 1.4% below the same month in 2025. It was also 17% lower than the amount collected in September. The month-to-month drop was larger than the year-to-year decline.
The October drop did not reverse the yearly gain. The 10-month total stayed above the level recorded from January to October 2025. The October figure is one part of that larger yearly sum.
How the Tax Figures Line Up
Macau’s monthly gaming tax collection is tied to casino revenue from the month before. This means the October tax figure reflects gaming activity in September, not October.
September gross gaming revenue was MOP$18.1 billion, or US$2.24 billion. That was down 1.2% from September 2025. It is the latest monthly revenue figure linked to the reported tax data.
The two numbers measure different things. Gross gaming revenue is what casinos win from players, while the tax figure is the share the government collects from that revenue.
Both showed small declines from a year earlier. The tax collection fell 1.4%, while the gaming revenue behind it dropped 1.2%.
Gaming remains the main source of money for Macau’s government. Total government revenue reached MOP$98.2 billion, or US$12.2 billion, in the first 10 months of 2026. That total includes gaming taxes and all other income sources.
Gaming taxes made up 83.0% of that total. All other sources combined brought in about MOP$16.7 billion over the same period.
This means more than four of every five patacas the government received came from gaming taxes. The share stayed above 80% for the January to October period.
With October counted, collections stand at MOP$81.5 billion against the MOP$92.5 billion target. The November tax figure, which will reflect October gaming revenue, has not yet been released.
