Singapore Betting Tax Collection Adds S$400m in a Year

Singapore’s betting-tax receipts climbed to S$3.6 billion in the year to March 31, 2026. The 11.9% increase came as the country also reported a broader rise in tax collections.

The figure was included in the latest annual report from the Inland Revenue Authority of Singapore. A year earlier, betting taxes stood at S$3.2 billion and had grown by only 1.7%.

Betting Revenue Outpaces Overall Tax Growth

Across all categories, IRAS collected S$97.3 billion during the financial year. That was 9.4% higher than the S$88.9 billion recorded in the previous period.

Betting taxes grew faster than that overall rate. They still accounted for a relatively small part of the tax base, however. Their share edged up from roughly 3.6% to 3.7%.

The largest sources of tax revenue remained unchanged:

Corporate income tax: S$34.4 billion
Goods and services tax: S$21.7 billion
Individual income tax: S$20.9 billion
Betting taxes: S$3.6 billion

Withholding tax was lower at S$2.5 billion. IRAS said the wider increase in collections reflected stronger economic activity and consumer spending.

The jump in betting-tax revenue looks more pronounced in absolute terms than it does as a share of Singapore’s tax receipts. That is because the rest of the tax base was expanding at the same time. Total collections reached a level equal to 12.3% of GDP and covered 74.8% of government operating revenue.

For the gambling sector, the year-on-year comparison is still notable. Growth accelerated from 1.7% to 11.9% within one reporting cycle.

Casino Tax Is Not Reported Separately

There is one limit to how far the figures can be read. IRAS combines casino tax with other gambling duties under the betting-tax category. It does not publish a separate number for either component.

Singapore has two casino resorts: Marina Bay Sands, operated by Las Vegas Sands, and Resorts World Sentosa, operated by Genting Singapore. The annual tax figure therefore cannot be used as a direct measure of how either property performed.

The cleaner comparison is with the previous tax year. Singapore collected S$400 million more from betting taxes, while the sector’s share of total tax revenue barely changed. The data shows a much quicker rise in receipts, but it does not identify where that extra money came from.