Philippines Online Gaming Outpaces Land-Based Casinos in Revenue and Taxes
The Philippines’ online gaming industry has emerged as the country’s top gaming tax contributor, surpassing traditional land-based casinos in revenue generation. Data from PAGCOR and Morgan Stanley reveals that in Q3 2024, online gaming achieved an annualized gross gaming revenue (GGR) of $2.4 billion, accounting for 70% of the GGR from land-based operations. Online gaming’s […]
The Philippines’ online gaming industry has emerged as the country’s top gaming tax contributor, surpassing traditional land-based casinos in revenue generation. Data from PAGCOR and Morgan Stanley reveals that in Q3 2024, online gaming achieved an annualized gross gaming revenue (GGR) of $2.4 billion, accounting for 70% of the GGR from land-based operations. Online gaming’s […]
