Macau reports mega profits on gambling in record-breaking 2018
![Macau casino industry news](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
By: Staff Writer
- February 24, 2019
- LikeUnlikeLike
- 2030 Views
2018 was a very good year for the Macau Government when it comes to tax income from gambling.
Well, every year is a very good year to be receiving taxes from casinos, but 2018 in particular was a great one in which the city took in $13.21 billion in direct gambling taxes.
The figure is a 13.6% increase on 2017 and represents 80% of the city’s entire revenue.
While none of these figures are particularly surprising, giving that gambling is the city’s biggest industry, they are still astronomical compared to almost every other city on the planet.
Check out some of the stats recently released by the city:
- Aggregate gross gaming jumped 14% to $37.467 billion in 2018.
- The effective tax rate of gambling is 39%.
- The $13.21 billion in taxes was well ahead of the initial Government forecast at the start of the year, which was $10.195 billion.
- 2019 has started off on a strong note — Macau received $1.26 billion in gambling taxes in January, slightly up on 2018, despite a weaker forecast due to the Chinese economy slow-down.
The news follows an interesting story coming out of the city, centred around the city’s ‘King of gambling’, who is going through a legal battle with his own family.
Latest Macau & China betting news
[rm_recent_news tags=”Macau, China” title=”” ajax=”true”]
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race Media![Betting Planet](https://bettingplanet.com/wp-content/smush-webp/2022/03/bp-white.png.webp)
![Race Media](https://bettingplanet.com/wp-content/smush-webp/2022/03/rm-text.png.webp)
Top Online Casinos
Latest Betting News
- Olympics Day 2 betting picks & predictions | Sunday, July 28
- UFC 304 main card preview, betting picks & predictions | July 28
- Nadal, Djokovic set to clash in Olympics tennis second round
- Dana White ups the stakes ahead of Aspinall vs Blaydes at UFC 304
- Paris Olympics 2024: What’s on today – Preliminary Day 2
- Olympics 2024 Day 1 betting picks & predictions | July 27
- Aspinall v Blaydes UFC 304 picks, odds & predictions | July 28
- Pimblett to fight at UFC 304 despite mental health concerns
- Jannik Sinner withdraws from tennis at Olympic Games
- F1 Belgian Grand Prix 2024 race preview & free betting picks
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe