Singapore Betting Tax Collections Accelerate to SGD3.6 Billion in Fiscal 2025
TL;DR — Singapore betting tax collections rose 11.9% to SGD3.6 billion (US$2.8 billion) in fiscal year 2025, accelerating from 1.7% growth the prior year. The category held steady at 3.7% of total tax revenue, which itself climbed 9.4% to SGD97.3 billion on stronger economic activity. IRAS reported no separate casino tax breakdown.
SCCG Take — The accelerated collections confirm sustained demand at Singapore’s two casino properties without shifting their proportional fiscal role, providing operators a stable tax environment amid broader revenue growth.
Singapore’s collection of betting taxes – comprising gambling duties and casino tax – increased by 11.9 percent year-on-year to about SGD3.6 billion (US$2.8 billion) in the fiscal year ended March 31, 2026. The Inland Revenue Authority of Singapore disclosed the figure in its latest annual report, labeling the period fiscal year 2025. This pace marked a clear acceleration from the 1.7 percent growth recorded in the prior fiscal year, when collections totaled SGD3.2 billion.
The contribution of betting taxes to Singapore’s overall tax take remained broadly stable at 3.7 percent of the SGD97.3 billion in total tax revenue collected by IRAS. That compared with approximately 3.6 percent of the SGD88.9 billion collected a year earlier. Overall tax collection increased by 9.4 percent year-on-year, which IRAS attributed to increased economic activity and consumer spending.
Stable Share of Revenue
IRAS does not provide separate collection figures for casino tax and other gambling duties within the betting-tax category. Singapore maintains two casino complexes: Marina Bay Sands, operated by a unit of United States-based Las Vegas Sands Corp, and Resorts World Sentosa, run by Genting Singapore Ltd. Betting taxes ranked as the second-smallest main category reported, ahead only of withholding tax at SGD2.5 billion.
Corporate income tax remained the largest source at SGD34.4 billion, or 35.4 percent of total tax collection. Goods and services tax contributed SGD21.7 billion, while individual income tax generated SGD20.9 billion. The SGD97.3 billion collected represented 74.8 percent of the Singapore government’s operating revenue and equaled 12.3 percent of the city-state’s gross domestic product, according to the report.
IRAS Commissioner Assessment
“Fiscal year 2025 was a strong and pivotal year for IRAS,” said the organisation’s commissioner, Ow Fook Chuen, in his message in the latest annual report. “We collected SGD97.3 billion in revenue, sustaining high efficiency with a cost of collection of 0.63 cents per dollar and keeping tax arrears low at 0.64 percent of net tax assessed,” he stated. He added that beyond tax collection, IRAS processed close to SGD1.2 billion of disbursements to support businesses and jobs.
As first reported by GGRAsia, the numbers reflect steady performance in the betting category even as its relative weight in the overall tax base held nearly constant.
Reporting: GGRAsia
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
Strong demand at Singapore's two casinos is driving faster tax growth in a stable, predictable fiscal environment.
We track regulated-market tax flows because they signal operator health and policy stability. Singapore's sharp acceleration—11.9% versus 1.7%—tells us Marina Bay Sands and Resorts World Sentosa are seeing sustained demand, and the government isn't shifting the tax burden. That's a green light for long-term planning in Asia's premium gaming hub.
- Betting tax collections rose 11.9% to SGD3.6 billion, up from 1.7% growth the prior year
- Held steady at 3.7% of total tax revenue; no separate casino-tax breakdown published
- Two casino properties—Marina Bay Sands and Resorts World Sentosa—drive the category
SCCG angle: SCCG has deep relationships with Singapore's integrated resort operators and the broader APAC gaming ecosystem. When tax trends shift or stabilize like this, we help clients benchmark performance, model future liability, and connect with advisors who understand Singapore's regulatory nuance—turning data into strategy.
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