The Philippine Amusement and Gaming Corporation (PAGCOR) is an agency established by the Philippine government to regulate and manage the gaming industry. PAGCOR contributes considerable tax revenue to the Philippine government every year, with its revenue mainly derived from the casinos it operates, authorized and regulated private casinos, online gambling and other related entertainment activities.

As the government's third-largest revenue-generating agency, PAGCOR is legally required to allocate 50 percent of its net income to the national government. PAGCOR expects its total revenue in 2024 to reach at least 85 billion pesos, an increase of about 7% to 10% from 79.37 billion pesos in 2023; its contribution to the National Treasury will further increase, possibly reaching more than 40 billion pesos.

Here are PAGCOR’s annual tax data from recent years:

2020

●Total revenue: Php 44.5 billion (significant decrease due to COVID-19 pandemic)

●Taxes and dividends contributed to the government: Php 17.5 billion

2021

●Total revenue: 44.9 billion Philippine pesos

●Taxes and dividends contributed to the government: PHP18.8 billion

2022

●Total revenue: PHP58.96 billion

●Taxes and dividends contributed to the government: Php 34.67 billion

2023

●Total revenue: Php 79.37 billion

●Taxes and dividends contributed to the government: Php 49.76 billion

It is not difficult to see from the above data that the gaming industry represented by PAGCOR will remain an important economic pillar of the Philippines for a long time to come. PAGCOR predicts that electronic gaming and online gaming will become the main growth driver. Rapid expansion in these areas is expected to lead to significant revenue enhancements in the coming years.