GGR Hits All-Time High of PHP372.33 Billion

The Philippine Amusement and Gaming Corporation (PAGCOR) today announced that the country’s gaming industry posted a record gross gaming revenue (GGR) of PHP372.33 billion in 2024—a 30.52% increase from the PHP285.27 billion recorded in 2023.

The growth in GGR also drove significant increases in PAGCOR’s overall revenues, which rose 40.74% from PHP79.37 billion in 2023 to PHP111.71 billion in 2024.

The official amount does not include revenues from offshore gaming operations, which were ordered banned at the end of 2024. These offshore games added PHP38.14 billion, pushing the industry-wide total to PHP410.47 billion.

The land-based casino sector remains the biggest contributor, generating PHP201.83 billion, or 54.20% of the total GGR.

“This GGR feat underscores the crucial role of licensed casinos in sustaining the growth momentum of the Philippine gaming sector,” said PAGCOR Chairman and CEO Alejandro H. Tengco.

“They remain our biggest revenue drivers and a major source of government funding for socio-civic programs.”

In addition to land-based casinos, GGR growth in 2024 was largely driven by the E-Games and E-Bingo segment, which posted PHP154.51 billion—a 165.66% surge from PHP58.16 billion in 2023.

This sector now accounts for 41.51% of the total GGR.

“The significant leap in E-Games and E-Bingo revenues shows that the industry is evolving rapidly, and PAGCOR is committed to keeping pace with technological advancements while promoting responsible gaming,” Chairman Tengco added.

Meanwhile, PAGCOR-operated casinos contributed PHP15.97 billion, representing 4.29% of the total GGR.

According to Chairman Tengco, the growth in GGR also drove significant increases in PAGCOR’s overall revenues, which rose 40.74% from PHP79.37 billion in 2023 to PHP111.71 billion in 2024.

Contributions to nation-building followed suit, climbing 37.61% from PHP49.56 billion to PHP68.20 billion. As a result, PAGCOR’s net income also surged by 146%, reaching PHP16.76 billion—up from PHP6.81 billion the previous year.

With the inclusion of 50% cash dividends from net income (PHP8.45 billion), PAGCOR’s total contribution to the national government reached PHP76.66 billion in 2024.

“With a bigger GGR base, we’re looking at a stronger multiplier effect—more jobs, more investments, and more public funds for social programs,” Mr. Tengco said. “The Philippine gaming industry isn’t just growing—it’s evolving, and with it comes greater responsibility and opportunity.”