Philippine gaming GGR falls 20.3% to Php88.13bn in Q2 2026

The Philippine gaming industry generated gross gaming revenue (GGR) of Php88.13bn ($1.43bn) during the second quarter of 2026, representing a 20.33% decline year-on-year. 

The result extends the market's contraction into a second consecutive quarter. First-quarter GGR fell 15.87% to Php87.60bn, taking total GGR for the first half of 2026 to Php175.73bn.

Licensed casinos were the largest contributor in Q2, generating Php45.37bn and accounting for 51.49% of industry GGR. 

Electronic gaming, which includes E-Games, E-Bingo, bingo and poker, contributed Php39.85bn, equivalent to 45.21% of the total. PAGCOR-operated casinos generated the remaining Php2.90bn. 

The composition marks a reversal from 2025, when electronic and online gaming overtook licensed casinos as the industry's largest segment. Electronic gaming generated Php201.12bn during 2025, rising 30.04% year-on-year and accounting for 50.77% of the country's Php396.14bn annual GGR. Licensed casino GGR fell 9.58% to Php182.50bn.

That momentum weakened following changes to payment access. The mandatory delinking of e-wallets from licensed gaming platforms affected activity during August and September 2025, while PAGCOR subsequently introduced further safeguards around digital gaming and payment channels.

Electronic gaming remained under pressure in early 2026. The segment's first-quarter GGR declined 22.43% year-on-year to Php39.90bn, meaning its Php39.85bn Q2 contribution was broadly unchanged sequentially.  

Licensed casino GGR, by comparison, increased from Php44.52bn in Q1 to Php45.37bn in Q2.

PAGCOR Chairman and CEO, Alejandro H. Tengco, attributed the broader Q2 decline partly to inflation and renewed geopolitical tensions in the Middle East, which he said had affected discretionary consumer spending.

Tengco said: "PAGCOR remains committed to implementing measures that will help increase GGR and further strengthen the industry's performance."

The regulator has continued tightening oversight of electronic gaming alongside the revenue slowdown, with new licensing memoranda issued during July covering gaming venue operations, distributors and post-operational requirements for service providers.

PAGCOR's industry figures follow its own weaker first-half financial performance. Total revenue declined 26.64% to Php43.32bn, with revenue from eGames, eBingo and bingo grantees falling 41.85% to Php18.6bn. Net income fell 85.29% to Php1.58bn as mandatory remittances increased.