Singapore Betting Tax Revenue Climbs 11.9% to SG$3.6 Billion in FY2025/26

Singapore recorded a significant increase in betting-related tax revenue during the financial year ended March 31, 2026, with collections rising 11.9 percent year on year to SG$3.6 billion (US$2.84 billion).

The figure compares with SG$3.2 billion (US$2.53 billion) collected in the previous financial year and represents faster growth than Singapore’s overall tax revenue, according to the annual report of the Inland Revenue Authority of Singapore (IRAS), released on September 4.

The betting tax category covers both gambling duties and casino tax. However, IRAS does not provide a separate breakdown for the two components in its revenue figures. As a result, the latest data do not establish how much of the increase was driven specifically by casino activity.

Singapore currently has two casinos. Marina Bay Sands is operated by Las Vegas Sands, while Resorts World Sentosa is operated by Genting Singapore.

Betting taxes represented 3.7 percent of IRAS’s total tax collections of SG$97.3 billion (US$76.8 billion) for the financial year. Overall tax revenue rose 9.4 percent compared with the preceding financial year.

Among the seven tax categories included in IRAS’s year-on-year comparison, betting taxes recorded the strongest rate of growth at 11.9 percent. Corporate income tax followed with an 11.3 percent increase, while stamp duty revenue grew by 10.7 percent.

IRAS attributed the broader rise in tax collections to stronger economic activity and consumer expenditure. In its annual report, the authority stated: “Increased economic activity and consumer spending have contributed to higher tax collection across all tax types.”

The report, however, does not specify a distinct reason for the increase in betting tax revenue. It also does not provide a corresponding figure for gambling revenue.

Consequently, the 11.9 percent growth in betting tax receipts should not be taken as evidence that casino gross gaming revenue increased by the same proportion. The available data combine gambling duties and casino tax and therefore do not allow for a direct comparison between the tax increase and casino gaming performance.

Corporate income tax continued to be Singapore’s largest source of tax revenue, accounting for 35.4 percent of total collections. Goods and services tax was the second-largest contributor at 22.3 percent, followed by individual income tax, which represented 21.5 percent of overall tax collections. 

By fLEXI tEAM