Macau remains the world’s largest casino market by gross gaming revenue. This tracker covers every monthly GGR result for 2026, what the numbers mean for the wider Asian gaming market, and what analysts expect for the rest of the year.
Macau’s casino GGR for the first five months of 2026 reached MOP108.38 billion ($13.42 billion USD), up 10.9% year-on-year. May 2026 was the strongest month so far at $2.80 billion (+6.7% YoY). Full-year 2026 GGR is forecast at MOP236 billion ($29.43 billion) — ahead of the government’s own target at the current pace of growth.
Macau is the world’s largest single gambling jurisdiction by gross gaming revenue — dwarfing Las Vegas, Singapore, and every other regulated market on the planet. Its monthly GGR figures, published by the Gaming Inspection and Coordination Bureau (DICJ), are the most closely watched data points in the entire Asian iGaming industry. When Macau beats estimates, operator stocks rise across Hong Kong and New York. When it misses, analysts revise their forecasts for the entire region.
CasinoBait tracks every monthly Macau GGR result for 2026, updated as figures are released. Below is the complete 2026 data set alongside context on what each month’s result means for the broader Asian casino market.
| Month | GGR (MOP billion) | GGR (USD) | YoY Growth | vs Prior Month |
|---|---|---|---|---|
| January 2026 | MOP 22.63B | $2.82B | +24.0% | — |
| February 2026 | MOP 20.63B | $2.57B | +4.5% | -8.8% |
| March 2026 | MOP 22.61B | $2.82B | +15.0% | +9.6% |
| April 2026 | MOP 19.89B | $2.46B | +5.5% | -12.0% |
| May 2026 LATEST | MOP 22.61B | $2.80B | +6.7% | +13.7% |
| June 2026 | Data pending — expected early July 2026 | |||
| July–December | To be updated monthly as DICJ data is released | |||
| Jan–May Total | MOP 108.38B | $13.42B | +10.9% | vs Jan–May 2025 |
Source: GGRAsia and the Gaming Inspection and Coordination Bureau (DICJ), Macau SAR Government. All USD figures converted at approximate prevailing rates. CasinoBait updates this tracker as monthly data is published.
What the 2026 Numbers Actually Mean
January — The Strongest Start in Years
January set an early-year high-water mark of MOP22.63 billion, up 24% on the same month in 2025 — the single strongest year-on-year growth rate of any month in the first half of 2026. The surge was driven by Chinese New Year travel demand and a surge in premium mass gaming, with Macau welcoming record-level visitor arrivals during the holiday period.
February — Lunar New Year Hangover
February’s 4.5% year-on-year growth was the softest result of Q1. Revenue came in at MOP20.63 billion, representing 4.5% growth year-on-year. The post-Lunar New Year period typically sees a natural pullback in visitor volumes, and February 2026 followed the historical pattern. Sequential decline from January was expected by most analysts.
March — Double-Digit Recovery
Macau casino revenue reached MOP22.61 billion in March, up 15% from a year earlier. The result pushed first-quarter 2026 GGR to MOP65.87 billion, up 14.3% year-on-year — the strongest quarterly result since Q3 2024. Sands China, Wynn Macau, and Melco posted the largest individual gains among the six licensed concessionaires.
April — Spring Slowdown
Macau recorded GGR of MOP19.89 billion in April 2026, a 5.5% year-over-year increase. The sequential decline from March reflected the lighter holiday calendar in April — no major Chinese public holidays fell in the month, reducing the tourism surge that typically drives peak gaming activity.
May — Strongest Month of 2026 So Far
Macau’s GGR increased 6.7% year-on-year in May 2026, reaching MOP22.61 billion ($2.80 billion), as strong tourism demand and a surge in holiday visitors continued to support the recovery of the world’s largest casino market. The Labour Day holiday period from May 1 to 5 drew approximately 873,000 visitors — averaging nearly 175,000 arrivals per day, surpassing pre-pandemic levels by 10%.
“May delivered the strongest result for that month since the pandemic period, providing another indication of sustained demand in Macau’s gaming market.”
— World Casino Directory, June 2026Full-Year 2026 Forecast — What Analysts Expect
| Analyst / Firm | 2026 GGR Forecast | YoY Growth | Key Driver |
|---|---|---|---|
| Macau Government (DICJ) | MOP236B ($29.4B) | +3.5% | Conservative official baseline |
| CBRE Equity Research | ~MOP268B ($33.3B) | +8.3% | Resilient mass-market demand |
| Deutsche Bank | ~MOP261B ($32.5B) | +5.8% | Tourism recovery, premium mass |
| JP Morgan | ~MOP259B ($32.3B) | 5–6% | Improving Chinese consumer sentiment |
| Seaport Research (Umansky) | ~MOP264B ($32.9B) | +7% | Rising household wealth in China |
Important context: Despite the improvement, industry revenue has not yet returned to pre-pandemic levels. Data for the first five months of 2026 remains 13.8% lower than the MOP125.69 billion recorded during the corresponding period in 2019. Full recovery to pre-COVID levels is now projected for 2027 by most major brokerages.
The Six Licensed Casino Operators in Macau
All Macau casino revenue is generated across six licensed concessionaires. Their concession licenses were renewed in January 2023 for 10-year terms.
| Operator | Parent Company | Key Properties | Q1 2026 Highlight |
|---|---|---|---|
| Sands China | Las Vegas Sands (US) | Venetian Macao, Londoner, Four Seasons | Led Q1 2026 revenue growth among all six operators |
| Galaxy Entertainment | Galaxy Entertainment Group (HK) | Galaxy Macau, StarWorld | Strong mass-market performance |
| Wynn Macau | Wynn Resorts (US) | Wynn Palace, Wynn Macau | Wynn Palace mass drop up 19% YoY in Q1 |
| MGM China | MGM Resorts (US) | MGM Cotai, MGM Macau | Steady recovery in premium mass segment |
| Melco Resorts | Melco International (HK) | City of Dreams, Studio City, Morpheus | Among top EBITDA growers in Q1 2026 |
| SJM Holdings | SJM Holdings (HK) | Grand Lisboa, Grand Lisboa Palace | Market share recovery ongoing |
What Macau’s Performance Means for Asian Online Casinos
Macau’s monthly GGR figures are not just a report on one city’s casinos — they are the primary indicator of the health of the entire Asian gambling market. When Macau beats estimates, it signals that Chinese consumer spending is strong and that tourism across the region is growing. Both factors directly benefit online casino platforms targeting Asian players.
- Strong Macau = more confident Asian casino operators — Operators seeing strong land-based revenue in Macau are more likely to invest in their online platforms serving the broader Asian market.
- Tourism growth benefits all Asian markets — The same Chinese tourists driving Macau’s recovery are also the primary audience for online casinos in Vietnam, the Philippines, and Singapore.
- Premium mass trend is the key signal — The shift from VIP junket gambling to premium mass play directly benefits online platforms, as mass-market players are the primary audience for internet casinos.
Frequently Asked Questions
Last updated: June 23, 2026. This tracker is updated monthly as the Gaming Inspection and Coordination Bureau (DICJ) releases official GGR data. CasinoBait monitors Macau GGR figures and updates all numbers within 24 hours of official publication.
