Philippine gaming regulator PAGCOR announced Monday that its net income for the first nine months of 2025 combined had reached Php14.32 billion (US$244 million), representing a 49% increase compared to the same period last year.
This does, however, also show a slowing of income generation over the past three months, with PAGCOR having previously reported 64% year-on-year growth to Php10.8 billion (US$184 million) for the first six months of 2025.
Based on its prior releases, PAGCOR’s income climbed from around Php4.2 billion (US$71.5 million) in Q1 to Php6.6 billion (US$112 million) in Q2 on strong growth in eGames, but fell back to around Php3.5 billion (US$59.6 million) in Q3 following a regulatory tightening of the eGames sector.
The regulator itself told a senate hearing less than two weeks ago that its income had fallen by 49% in the two months since the Philippine central bank ordered e-wallet providers to remove direct links to online gambling platforms.
Releasing its latest financial update, PAGCOR said that total revenues from January to September were Php84.1 billion (US$1.43 billion), up 5.87% year-on-year from Php79.4 billion (US$1.35 billion). Gaming operations accounted for Php75.9 billion (US$1.29 billion) of these total revenues while other related services and other income contributed Php8.16 billion (US$139 million) , it added.
“Our financial performance is a clear reflection of PAGCOR’s renewed focus on governance, digital transformation, as well as sustainable and responsible gaming,” said PAGCOR Chairman and CEO, Alejandro H. Tengco.
The agency’s total contributions to nation-building rose 11% to Php54.3 billion (US$924 million) during the first nine months of 2025, of which two-thirds went to the National Government as mandated by Presidential Decree 1869. This share, which accounts for 50% of PAGCOR’s gaming revenues minus 5% franchise tax, also covers allocations for the Dangerous Drugs Board and the Philippine Health Insurance Corporation (PhilHealth).
PAGCOR paid another Php3.79 billion (US$64.5 million) in franchise taxes and Php609.87 million (US$10.4 million) in corporate income taxes to the Bureau of Internal Revenue (BIR), among other mandated contributions.
“Every peso that PAGCOR earns goes back to the people through classrooms, health facilities, disaster response programs and other community projects,” Tengco said. “Our focus is to sustain this momentum while ensuring that the gaming industry continues to operate responsibly and contribute to national development.”
