iGaming Market in the Philippines: Record Growth and Prospects for 2025
The iGamingToday portal published a report stating that the online gambling market grew by 165% in 2024, reaching record figures.
The iGaming market in the Philippines continues to show impressive growth, and forecasts suggest this trend will continue in the coming years.
According to the latest data, the online gambling market reached $2.6 billion in 2024, a record figure reflecting the growing interest in this segment.
Key Market Indicators for iGaming in the Philippines
The Philippines has long established itself as a leading player in the Southeast Asian online gambling market.
In 2024, the total gross gaming revenue (GGR) amounted to $7.16 billion, a 25% increase compared to the previous year.
Of this, approximately $2.6 billion was generated from the online gaming sector, resulting in a 165% growth.
Key Facts:
- 2024 GGR market: $7.16 billion (+25% YoY)
- 2025 forecast: $7.8–8.3 billion
- 74% of players use mobile devices for gaming
- Popular sectors: sports betting, poker, slots, eSports betting
- Leading market players: BingoPlus, GGPoker, Casino Filipino
Regulation and Legislative Changes
The main regulatory body for the online gambling market in the Philippines is the Philippine Amusement and Gaming Corporation (PAGCOR). In recent years, the government has been actively implementing reforms aimed at improving legislation and supporting investors.
One key step was the reduction of licensing fees. In January 2025, the rate for land-based casino operators was reduced by 30%, while for integrated resort operators offering iGaming, it was cut by 25%. This measure is aimed at attracting additional investments and reducing illegal gambling activities.
Key regulatory changes:
- Reduction of licensing fees starting in 2025
- PAGCOR transitioning to an exclusively regulatory role to create a level playing field for all operators
- Ban on Philippine Offshore Gaming Operators (POGOs), increasing focus on local operators
Trends and Player Preferences
Mobile gaming continues to grow in popularity in the Philippines, driven by high smartphone penetration and improved mobile internet. 74% of users prefer to play via mobile devices, making this platform the primary access channel.
The most popular games among players include poker, slots, live casino, and casual games. In recent years, there has also been growing interest in eSports betting, indicating an expansion of Filipino players’ interests.
Popular Games:
- Poker
- Slots
- Live Casino
- eSports Betting
Growth Prospects for the iGaming Market
Experts predict a 17% growth for the iGaming market in the Philippines in 2025. GGR is expected to reach $7.8 billion, driven by the expansion of the online gaming and sports betting sectors. Key growth factors include technological innovations and attractive tax reforms.
According to forecasts, by 2028, the average annual growth will be 5.4%, further strengthening the country’s position as one of the largest online gambling hubs in Asia.
Regional Players and Competition
Both local and international operators are present in the Philippine market. Major players include BingoPlus, which attracted more than 38 million users in 2024 and contributed $33.7 billion in taxes to the national treasury. Other notable players are Casino Filipino and GGPoker, which are actively developing the market.
The reduction of competition from POGOs has opened new opportunities for local operators like BingoPlus and Casino Filipino, as well as for technological solutions in mobile gaming and cryptocurrency.
Prospects for New Players
The Philippines offers excellent opportunities for new operators in the online gaming sector.
The market continues to evolve, and despite some regulatory challenges, technological innovations and partnerships with local players can lead to a successful market entry.
Recommendations for new players:
- Invest in mobile platforms and mobile payments
- Partner with local operators to ease market entry
- Focus on cryptocurrencies and blockchain, which ensure secure and transparent transactions
Conclusion
The iGaming market in the Philippines continues to deliver impressive results and remains one of the most attractive sectors for investors in Southeast Asia.
Lower tax burdens and improved regulatory frameworks create optimal conditions for growth and innovation, making the country a key player on the international stage.