Singapore’s betting tax revenue increased 11.9% year on year to SG$3.6 billion (US$2.84 billion) in the financial year ended March 31, 2026. It grew faster than the country’s overall tax collections.
According to the Inland Revenue Authority of Singapore (IRAS) annual report released on September 4, betting taxes increased from SG$3.2 billion (US$2.53 billion) in the previous financial year.
Betting Taxes Record Fastest Growth
Betting taxes accounted for approximately 3.7% of the SG$97.3 billion (US$76.8 billion) in total tax revenue collected by IRAS during FY2025/26.
Overall tax collections increased 9.4% year on year. This means betting tax revenue expanded at a faster pace than the national total.
Among the seven tax categories included in IRAS’ year-on-year comparison, betting taxes recorded the highest growth rate at 11.9%. This was followed by corporate income tax at 11.3% and stamp duty at 10.7%.
IRAS attributed the broader increase in tax collections to higher economic activity and consumer spending.
Casino Contribution Not Separately Disclosed
The betting tax category combines gambling duties and casino tax, with IRAS not providing a separate breakdown for each segment. As a result, it is unclear how much of the increase was generated specifically by casino operations.
Singapore currently has two integrated resorts with casinos: Marina Bay Sands, operated by Las Vegas Sands. Resorts World Sentosa is operated by Genting Singapore.
The report also does not provide a corresponding measure of gambling revenue. Therefore, the 11.9% increase in betting tax collections should not be interpreted as an equivalent increase in casino gross gaming revenue (GGR).
Corporate Income Tax Remains Largest Contributor
Despite the strong growth in betting taxes, corporate income tax remained Singapore’s largest source of tax revenue. It accounted for 35.4% of total collections.
Goods and services tax represented 22.3%, while individual income tax contributed another 21.5%.
The latest figures nevertheless highlight the growing contribution of betting and gaming-related taxes to Singapore’s public revenue. The category recorded the strongest year-on-year growth among the major tax types reported for FY2025/26.
