PAGCOR 2025 revenues fall five per cent to Php106.03bn as land-based earnings soften
More than half of PAGCOR’s revenues came from online
The Philippine Amusement and Gaming Corporation (PAGCOR) today reported total revenues of Php106.03bn in 2025, down 5.09 per cent from Php111.72bn in 2024, as earnings from land-based casinos declined and offshore gaming was no longer in the revenue mix.
Revenues from gaming operations amounted to Php95.15bn, slightly lower than the Php97.53bn recorded in 2024. Other revenue streams, including interest earnings, income, and service fees, contributed an additional Php10.88bn.
More than half of PAGCOR’s gaming revenues, or Php53.33bn, came from electronic and online gaming activities, including eGames, eBingo, and bingo grantees.
PAGCOR Chairman and CEO Mr. Alejandro H. Tengco said revenues from PAGCOR-operated casinos declined by 18.12 per cent to Php10.38bn, while licensed casinos generated Php31.44bn, down 4.93 per cent year-on-year.
“The decline in revenues from land-based casinos is largely driven by the gradual change in player behavior, with more customers opting for digital and online gaming platforms,” Mr. Tengco said. “This shift underscores the need for regulators to keep pace with how players engage with online gaming products,” he added.
“As digital gaming continues to grow, PAGCOR has implemented significant regulatory upgrades to protect players, promote transparency, and ensure that online gaming operates within a secure and well-regulated environment,” he said.
Revenues from eBingo, eGames and Bingo grantees rose by 9.30 per cent to Php53.33bn, helping offset part of the decline in land-based gaming and providing stability to overall gaming revenues. The year-on-year decline in total gaming revenues was also influenced by the offshore gaming ban, as the segment contributed nearly Php3bn in 2024 but was no longer part of PAGCOR’s revenue base in 2025.
Despite lower total revenues, PAGCOR reported Php17.47bn in net income, up 4.18 per cent from Php16.77bn in 2024.
PAGCOR’s total contributions to nation-building reached Php66.95bn in 2025, slightly lower than the Php68.21bn in the previous year. A significant portion of these contributions went to the National Treasury as the 50 per cent government share (Php45.19 billion), including the Php60m annual contribution to the Dangerous Drugs Board.
PAGCOR also allocated Php4.76bn in franchise taxes and Php907 million in corporate income taxes to the Bureau of Internal Revenue. The Philippine Sports Commission was likewise appropriated Php2.26bn, while Php95.08m was allocated as cash incentives for athletes and coaches who won in international competitions. PAGCOR also earmarked Php12.77bn to fund socio-civic programs, including those that are under the Office of the President. Other mandated beneficiaries of PAGCOR’s 2025 revenues included cities hosting Casino Filipino branches (Php678.10m), the Board of Claims under the Department of Justice (Php123.98m), and the Renewable Energy Trust Fund (Php169.89m).
