Philippine Q3 Gaming Revenue Falls 11.4% to $1.33 Billion

The Philippine gambling industry generated PHP83.72 billion, approximately $1.33 billion, in gross gaming revenue during the third quarter of 2026, down 11.4% year-on-year.

Electronic gaming drove most of the decline. The segment generated PHP35.28 billion, approximately $559 million, down 22.9% from PHP45.73 billion a year earlier.

PAGCOR’s electronic gaming category includes E-Games, E-Bingo and bingo grantees, making it broader than online casino activity alone. 

Licensed Casinos Remain Largest Contributor

Licensed casinos produced PHP45.38 billion, approximately $720 million, representing a comparatively modest annual decline of 0.4%.

Their contribution reached 54.2% of total industry GGR, placing them ahead of the electronic gaming segment for the quarter. Separately, casinos operated directly by PAGCOR generated PHP3.03 billion, approximately $48 million, down 4.8%. 

The distinction matters because the figures measure gambling activity across the industry, rather than PAGCOR’s own corporate revenue from fees, gaming operations and other sources.

Smaller Annual Decline Masks Continued Weakness

The market’s annual contraction eased from 20.3% in the second quarter to 11.4% in the third. However, the smaller decline did not mark a return to growth.

Third-quarter GGR remained below the PHP88.13 billion reported for Q2. Electronic gaming also weakened sequentially, falling from PHP39.85 billion in the previous quarter.

Monthly industry GGR declined throughout Q3, from PHP29.84 billion in July to PHP28.62 billion in August and PHP25.27 billion in September. 

PAGCOR chairman and CEO Alejandro Tengco attributed some of the weakness to inflationary pressure and geopolitical uncertainty affecting discretionary spending. The reported explanation does not quantify how much each factor contributed to the decline.