Gaming taxes inflate Macau’s coffers

The Macau government is expected to collect upwards of USD $13.35 billion in direct taxes from gambling in 2012. The government will also net USD $1.53 billion in indirect taxes, thus increasing total tax revenues to US$14.88 billion, macauhub reports. Last year, operators posted gross revenues of USD $38.017 billion, which was an increase of 13.5 percent over revenues in 2011. In total, all gaming and gambling operations, including greyhound and horse racing, Chinese lottery, scratch cards, and sports betting provided gross revenues of US$38.154 billion for 2012.