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The Philippine gaming industry saw record performance in 2024, led by licensed casinos that remained the top contributors to government funding, according to Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor).
Newly released data shows the sector generated PHP372.33 billion (US$3.53 billion) in gross gaming revenue (GGR) in 2024. Casinos licensed by Pagcor made up over half of that figure, contributing PHP201.84 billion, or 54.2 percent. Tengco highlighted that these casinos continue to be “the biggest revenue drivers and a major source of government funding for socio-civic programmes.”
Pagcor originally projected a higher industry-wide GGR of PHP410.48 billion, but the final number still marks a 30.5 percent increase from the previous year, driven in part by a strong showing in electronic gaming.
Casinos located in Metro Manila, including those in Entertainment City, brought in PHP164.08 billion in GGR—down 5.3 percent from 2023. Clark-based licensed casinos recorded PHP26.89 billion, showing a slight dip of 1.1 percent year-on-year.
On the other hand, the Greenfield Zone, which includes rural provinces and areas with high tourism potential, saw GGR jump to PHP9.47 billion from PHP5.51 billion in 2023—an increase of 71.9 percent.
Electronic gaming, including e-Bingo, made a major impact on the industry’s growth. That segment generated PHP154.51 billion in 2024, rising 165.66 percent from PHP58.16 billion the year before. Overall, electronic games accounted for 41.5 percent of the industry’s total GGR.
Pagcor reported total revenue of PHP111.71 billion for 2024, up from PHP79.37 billion in 2023—a rise of 40.74 percent. Net income climbed to PHP16.76 billion, up 146 percent year-on-year.
The agency also contributed PHP76.66 billion to the national government in 2024. Contributions to nation-building programs increased 37.61 percent to PHP68.20 billion.
“We’re looking at a stronger multiplier effect—more jobs, more investments, and more public funds for social programmes,” said Tengco. “The Philippine gaming industry isn’t just growing – it’s evolving, and with it comes greater responsibility and opportunity.”