The Philippine gaming industry recorded gross gaming revenue (GGR) of PHP396.14 billion ($6.61 billion) in 2025, representing a 6.39% increase from PHP372.33 billion ($6.21 billion) in 2024, according to a press release from the Philippine Amusement and Gaming Corporation (PAGCOR).
The growth was largely driven by the electronic and online gaming segment, which offset declines in traditional casino revenues and emerged as the largest contributor to overall industry performance.
Online and Electronic Gaming Revenue Surges 30%
PAGCOR reported that the electronic and online gaming segment—which includes E-Bingo, E-Games, Bingo Grantees, and both onsite and offsite poker—generated PHP201.12 billion ($3.35 billion) in 2025. This marked a 30.04% increase from PHP154.66 billion ($2.58 billion) in the previous year.
PAGCOR Chairman and CEO Alejandro H. Tengco confirmed that the segment accounted for more than half of total gaming revenues.
“The E-Games and online gaming segment accounted for 50.77% of total industry GGR,” Tengco said, adding that it has now surpassed licensed casinos as the country’s largest GGR contributor.
Licensed Casinos Report Revenue Decline
While online gaming posted strong gains, revenues from licensed casinos declined by 9.58% year-on-year, falling to PHP182.50 billion ($3.04 billion) from PHP201.84 billion ($3.37 billion) in 2024.
PAGCOR-operated casinos also recorded weaker performance, with revenues dropping 20.95% to PHP12.52 billion ($209 million), highlighting the broader slowdown across brick-and-mortar gaming operations.
PAGCOR Highlights Online Gaming as the New Industry Driver
Tengco said the 2025 figures reflect a structural shift in the Philippine gaming market, with online gaming now serving as the primary growth engine rather than a supplementary revenue stream.
“The increase in electronic gaming revenues shows how the industry has evolved,” he said. “Online gaming is no longer a supplementary segment but has now become the leading driver of overall GGR growth.”
E-Wallet De-Linking Created Temporary Disruption
Tengco also noted that online gaming revenue growth came despite a temporary slowdown in the third quarter of 2025, caused by the de-linking of e-wallet services that disrupted payment access and affected player activity.
He explained that the payment system adjustments were introduced to improve transaction traceability, enhance player protection, and strengthen confidence in regulated digital gaming.
Regulatory Balance Remains Key to Long-Term Growth
Looking ahead, PAGCOR reiterated that the regulator’s priority is not solely to increase revenue, but to ensure the industry develops responsibly under stronger compliance standards.
“The 2025 GGR performance underscores the importance of regulatory balance as the industry evolves,” Tengco said. “Our objective is not simply to grow revenues, but to ensure that growth is sustainable, transparent, and compliant because of a stronger regulatory environment that supports the long-term stability of the gaming industry.”
