Singapore collected SGD3.6 billion (US$2.8 billion) in betting taxes, including casino tax and gambling duties, in the financial year ended March 31, 2026, according to the Inland Revenue Authority of Singapore’s latest annual report. The 11.9% year-on-year increase matters because it points to a materially larger contribution from regulated gambling activity to public revenue, although the tax authority’s aggregated reporting prevents a clear assessment of performance at the country’s casino and betting segments.
The figure, classified by IRAS as betting tax revenue for fiscal year 2025, rose from SGD3.2 billion in the preceding 12-month period. That compares with growth of 1.7% recorded a year earlier, indicating a sharper rise in collections during the latest reporting cycle.
IRAS does not provide a breakdown of the total between casino tax and other gambling duties. As a result, the report does not establish whether the increase was principally driven by casino activity, betting products, changes in taxable revenue, timing effects or other factors affecting assessments and payments.
Singapore has two casino resorts: Marina Bay Sands, which is operated by a unit of US-based Las Vegas Sands, and Resorts World Sentosa, operated by Genting Singapore. The two properties operate in a tightly controlled market under Singapore’s gambling regulatory framework, with casino operations subject to licensing, supervision and responsible gambling requirements.
Betting taxes accounted for 3.7% of the SGD97.3 billion collected by IRAS across all tax categories in the year to March 31. The share was only slightly above the 3.6% recorded in the previous year, when total tax collections amounted to SGD88.9 billion.
The stable proportion of total receipts suggests that gambling-related taxes rose broadly alongside the wider tax base, even though the betting tax category grew faster than overall collection. Total revenue collected by IRAS increased 9.4% year on year, with the authority attributing the gain to higher economic activity and consumer spending.
Corporate income tax remained the largest category of tax collected, generating SGD34.4 billion and accounting for 35.4% of the total. Goods and services tax brought in SGD21.7 billion, while individual income tax contributed SGD20.9 billion.
Within the principal categories listed by IRAS, betting taxes were the second-smallest source of revenue, ahead only of withholding tax, which generated SGD2.5 billion. The data underline that gambling duties remain a meaningful, but limited, component of the city-state’s public finances compared with business, consumption and personal income taxes.
The SGD97.3 billion collected in fiscal year 2025 represented 74.8% of Singapore’s operating revenue and was equal to 12.3% of gross domestic product, according to the annual report. IRAS is responsible for administering taxes and duties, while gambling market oversight is carried out under the country’s broader regulatory structure.
Singapore’s gambling environment is designed around restricted market access rather than a large number of licensed operators. In the casino sector, the limited number of licensees means that shifts in tax receipts can be influenced by activity at a small number of large integrated resorts. That concentration can make the headline tax total significant for the operators concerned, but it also limits the extent to which it can be treated as a broad measure of the wider gambling industry.
Casino tax is only one element of the reported betting tax category. Other gambling duties may apply to regulated betting activity, but IRAS does not identify the underlying sources, taxable bases or contributions from individual forms of gambling in its annual report. The authority also does not publish operator-level tax payments.
This disclosure approach means the reported SGD3.6 billion should not be read as casino revenue, gross gambling revenue or player spending. Tax receipts and gambling turnover are different measures, and their relationship can vary according to statutory rates, the relevant tax base, payment schedules and compliance adjustments. Nor does the annual report provide a direct comparison of gaming volume, visitor numbers or customer mix.
For operators, higher tax collections may reflect stronger taxable activity, but the available data do not show whether margins, operating costs or profitability improved. Integrated resort businesses also derive revenue from non-gaming activities such as hotels, food and beverage, retail, meetings and entertainment, none of which can be inferred from the betting tax total.
The figures arrive as gambling operators in Singapore continue to face substantial compliance expectations. The Gambling Regulatory Authority of Singapore oversees regulated gambling activities and has authority over licensing and enforcement matters. Operators must meet requirements designed to address issues including anti-money laundering controls, customer due diligence, internal governance and harm-minimisation measures.
The compliance burden is particularly relevant in a market that relies on a small number of authorised providers. A concentrated structure can support close regulatory supervision, but it also means that licence holders have limited scope to offset regulatory costs through expansion within the domestic casino market. Any deterioration in compliance can carry consequences for licence conditions, enforcement exposure and operating reputation.
Singapore has also maintained measures intended to differentiate between local residents and international visitors at its casinos. The framework includes entry levies for Singapore citizens and permanent residents, while foreign visitors do not face the same levy. Such measures form part of a policy approach that permits casino activity as part of integrated resorts while seeking to limit domestic gambling harm.
The latest tax data do not indicate whether local or foreign patrons were responsible for the change in receipts. They also provide no information on gambling participation rates, exclusions, problem gambling indicators or the effectiveness of player-protection measures. Those questions require separate regulatory and social policy data rather than a tax collection report.
The increase in gambling-related tax revenue will nevertheless be watched by market participants because Singapore remains one of Asia’s most closely regulated gaming jurisdictions. The country’s two-resort model creates high barriers to entry and limits direct competition, while its position as a regional travel and business hub gives the casino sector exposure to changes in international tourism, consumer demand and broader economic conditions.
At the same time, the rise in tax receipts should not be taken as evidence that the market has expanded structurally. The annual movement may reflect a combination of factors that IRAS has not identified. Without separate disclosures for casino tax, betting duties and other taxable gambling activity, analysts cannot determine which vertical accounted for the bulk of the year-on-year gain.
The absence of disaggregated data is also a constraint for assessing the impact of regulatory settings on individual market segments. A rise in the combined category could occur even if one part of the regulated market declined, provided another produced sufficient additional tax. It is similarly not possible to establish from the report whether the increase came from domestic demand, tourism-linked activity or changes in operators’ taxable results.
IRAS Commissioner Ow Fook Chuen described fiscal year 2025 as a strong and pivotal period for the authority. In addition to collecting SGD97.3 billion, the agency reported a cost of collection of 0.63 cents for every dollar raised and tax arrears equal to 0.64% of net tax assessed.
The authority said it also processed close to SGD1.2 billion in disbursements intended to support businesses and jobs. Those payments reflect IRAS’s wider administrative role, which extends beyond revenue collection to delivering government schemes through the tax system.
For the gambling sector, the latest report provides a headline indication of the public revenue associated with regulated activity but offers limited transparency on market composition. Casino operators, betting businesses and investors will need to rely on company disclosures and future regulatory information for a more detailed picture of demand and operating conditions.
The next benchmark will be the IRAS report covering the financial year ending March 2027, when the market will assess whether betting tax receipts remain near the current level or revert to slower growth. In the interim, Singapore’s licensed operators will continue to operate under existing tax and compliance obligations, while the Gambling Regulatory Authority’s enforcement and licensing oversight remains central to market access.
erik is an editorial byline used by Casino No Deposits for industry news coverage. Articles published under this byline are summarised from reporting by licensed gambling industry news sources and produced with AI assistance, then published against our editorial rules on accuracy, sourcing and tone. They are not first-hand reporting and do not contain personal player accounts. Our full process, including how bonus listings and ratings are maintained separately by our team, is documented in how we review casinos: https://casinonodeposits.com/how-we-review-casinos/
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