The Philippine gambling industry reached a new milestone in 2024, posting ₱111.72 billion ($1.91 billion) in total gaming revenue. This marks a 40.7% increase from 2023, driven mainly by strong performance in electronic gaming and e-Bingo.
PAGCOR Chairman and CEO Alejandro Tengco credited the growth to the popularity of digital platforms. He emphasized the sector’s transformative impact, stating, “2024 marks our best financial performance ever.”
Electronic gaming alone generated ₱48.79 billion, contributing over 50% of total revenue. PAGCOR predicts this segment will surge to ₱160 billion by 2025.
Traditional casinos still played a major role. Licensed casinos brought in ₱33.07 billion (33.9%), while Casino Filipino operations contributed ₱12.67 billion (13%). Meanwhile, offshore operators, whose legal operations ended last December, added ₱2.99 billion (3.1%).
PAGCOR’s net operating income hit ₱80.1 billion, up 51.9% year-on-year, and net income rose 146% to ₱16.77 billion after national fund allocations.
With digital gaming on the rise, the Philippines is solidifying its position as a regional gaming hub.
