Gambling Industry Statistics in the Philippines You Need to Know

The gambling industry in the Philippines has experienced significant growth in recent years, solidifying its position as a major economic contributor. The industry’s gross gaming revenue (GGR) is expected to surpass ₱350 billion (approximately $6.03 billion), exceeding the Philippine Amusement and Gaming Corporation’s (PAGCOR) target of ₱334 billion. This marks a substantial increase from the ₱285 billion recorded in the previous year, highlighting the industry’s rapid expansion and resilience.

---

Key Gambling Industry Statistics

Overall Revenue Growth

The gambling sector in the Philippines has shown a consistent upward trend. In the third quarter of 2024 alone, the industry recorded a 37.5% year-on-year increase in GGR, reflecting strong market demand and growth potential.

Surge in Electronic Gaming

Electronic gaming has emerged as a major growth driver within the industry. In Q3 2024, electronic gaming revenue soared by an astonishing 465%, reaching ₱35.71 billion. This growth highlights the rising popularity of digital gambling platforms and the shift towards online gaming experiences.

Performance of Land-Based Casinos

Despite the increasing dominance of online gaming, traditional land-based casinos remain a crucial component of the market. In Q3 2024, they generated ₱50.72 billion in revenue. However, this represents a slight 2.3% decline compared to the previous year, suggesting a gradual transition in consumer preferences.

Sports Betting Trends

Sports betting remains highly popular among Filipinos. A 2022 survey revealed that 38.9% of Filipinos participated in sports betting activities within the past year, with 20.8% placing bets online or via mobile applications. This indicates a significant demand for sports-related wagering opportunities.

Lottery and Games of Chance Participation

Lotteries and games of chance continue to attract a large segment of the population. Approximately 41.5% of Filipinos reported participating in these games, showcasing the broad appeal of gambling across different demographics.

---

Regulatory Changes Impacting the Industry

In July 2024, President Ferdinand Marcos Jr. announced a nationwide ban on Philippine Offshore Gaming Operators (POGOs), citing concerns over their involvement in criminal activities such as human trafficking and financial fraud. PAGCOR has been instructed to revoke all POGO licenses by the end of the year, signaling a major regulatory shift that could reshape the industry.

The crackdown on POGOs is expected to impact revenue streams derived from offshore operations, but industry analysts anticipate that growth in regulated domestic gambling activities will offset potential losses.

---

Future Outlook of the Philippine Gambling Market

Despite regulatory challenges, the Philippine gambling market is forecast to continue its upward trajectory. According to market research, the casino gaming sector is expected to grow by $3.93 billion from 2024 to 2029, reflecting a compound annual growth rate (CAGR) of 10.4%. This growth will be driven by:

• The rising popularity of electronic gaming platforms.
• Continued investments in integrated casino resorts.
• Expansion of legalized gambling in regulated sectors.

Industry stakeholders remain optimistic that advancements in technology and evolving consumer preferences will support sustained growth in both online and offline gambling segments.

---

Conclusion

The Philippine gambling industry is on a growth trajectory, fueled by booming electronic gaming revenues and steady contributions from land-based casinos. However, regulatory changes, such as the ban on POGOs, present challenges that could impact the sector’s landscape in the coming years. As the industry adapts, opportunities for innovation and expansion remain abundant, offering a promising outlook for operators and investors alike.