Philippines Gaming Sector Hits $1.61 Billion In Third Quarter
Regulation · 2024-11-15

Philippines Gaming Sector Hits $1.61 Billion In Third Quarter

Philippines Gaming Sector Hits $1.61 Billion In Third Quarter

Share This Tags

Philippines has reached a milestone, with the gross gaming revenue (GGR) for the third quarter of 2024 rising to US$1.61 billion. The figure represents an increase of 38% compared to the previous year.

The Philippine gaming sector encompasses a diverse range of operations, including casinos, electronic gaming, and non-casino gaming activities. The industry is regulated by the Philippine Amusement and Gaming Corporation (Pagcor), which oversees and licenses gaming establishments across the nation.

Breakdown of 3Q GGR Performance

The third quarter of 2024 marked a record for the Philippine gaming sector, with GGR reaching PHP94.61 billion (approximately US$1.61 billion). This figure reflects a 37.5% increase from the same period last year and a 6.0% rise from the previous quarter.

Key Contributors to GGR

Sequential Growth Analysis

When comparing the third quarter’s performance to the preceding quarter, the gaming sector demonstrated resilience:

Pagcor has set ambitious targets for the gaming sector, aiming for a GGR of PHP336.38 billion for the year. This represents a 17.9% increase compared to 2023.

Popular articles
Super PAC Raises $48 Million: Sports Betting Forces Ramp Up Political Push
Regulation
Are you ready to maximize your earnings? Try ProPush.me Constructor!
Marketing
Kazakhstan plans to penalise online casino promotions
Regulation
Indiana online casino bill stalls in House committee
Regulation
HUIDU Invites You to Booth T70 at iGB L!VE 2026 — Let’s Ignite London This July!
HUIDU Focus
UK MPs reopen 2025 gambling inquiry as reform stalls
Regulation
Brazil Proposes Raising Gambling Tax Rate to 24%, With Revenue Allocated to Social Security and Healthcare
Regulation
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
JILI Partners with Cricket Legend AB de Villiers (ABD) to Launch Exclusive Branded Game Series 100% 11
Sports Game
GAT Expo Puerto Rico Will Pulse with the New Era of Gaming in the Caribbean
Marketing
GGC Awards 2026 Shines in Colombo: Honoring Leaders and Innovators in the iGaming Industry
HUIDU Focus
Institutional Academy that exceeded expectations marked the opening of GAT CDMX
Online Game
British gambling levy rates confirmed for each vertical
Regulation
Vietnam’s Controlled Gaming Shift Gains Ground, But Domestic Demand Still Lags
Southeast Asia
Home
Game
Cooperation
Find
My