Singapore recorded a sharp increase in betting tax revenue during the financial year ended March 31, 2026, with collections from gambling-related taxes reaching SG$3.6 billion (US$2.84 billion), according to the latest annual report from the Inland Revenue Authority of Singapore (IRAS).
The figure represented an 11.9% increase from the SG$3.2 billion collected in the previous financial year, making betting taxes one of the fastest-growing revenue categories reported by the tax authority. The growth rate significantly exceeded the 1.7% increase recorded a year earlier and also outpaced the overall rise in Singapore’s total tax collections.
IRAS reported total tax revenue of SG$97.3 billion (US$76.8 billion) for FY2025/26, up 9.4% year-on-year. The authority said stronger economic activity and consumer spending contributed to higher collections across all tax categories.
Betting taxes accounted for 3.7% of total tax revenue during the period, a slight increase from approximately 3.6% in the previous financial year. While the amount collected grew substantially, its share of overall tax revenue remained relatively stable.
The betting tax category combines gambling duties and casino tax. IRAS does not publish separate figures for the two components, making it impossible to determine how much of the increase originated from casino operations and how much came from other forms of gambling activity.
Betting Tax Growth Leads Major Revenue Categories
Among the seven tax categories highlighted in IRAS’ year-on-year comparison, betting taxes recorded the strongest growth rate. The 11.9% increase surpassed the gains seen in corporate income tax, which rose 11.3%, and stamp duty, which increased by 10.7%.
Despite the growth, betting taxes remained one of the smaller contributors to Singapore’s tax base. Only withholding tax generated less revenue, collecting SG$2.5 billion during the financial year.
The annual report did not identify a specific reason behind the rise in betting tax collections and did not provide corresponding gambling revenue figures. As a result, the increase in tax receipts should not be interpreted as a direct reflection of growth in casino gross gaming revenue, according to Inside Asian Gaming.
Singapore currently operates two integrated resort casinos. Marina Bay Sands is operated by a subsidiary of Las Vegas Sands, while Resorts World Sentosa is run by Genting Singapore.
Casino Tax Structure Remains Tiered
Singapore applies different casino tax rates depending on player category and annual gross gaming revenue levels. Under the current framework, premium players are defined as customers who maintain a casino deposit account with a minimum balance of SG$100,000 (US$76,900). Tax rates for gaming revenue generated by these players differ from those applied to other casino patrons.
For operators within Tier 1 thresholds, premium player gross gaming revenue is taxed at 8%, while revenue from other players is taxed at 18% on up to SG$3.1 billion in annual gross gaming revenue. Once revenue exceeds the specified thresholds, Tier 2 rates apply, increasing the tax rate to 12% for premium player revenue and 22% for revenue generated by other players.
IRAS also noted that operators may become subject to the higher tax rates if they fail to meet development obligations tied to their integrated resort projects. In such cases, the higher-tier rates remain in effect during the period of non-compliance.
Tax treatment for sports betting, lotteries and sweepstakes differs from the casino tax system, with gambling duties calculated under separate rules.