Pagcor revenue falls 23.4% in first nine months of 2026 amid e‑gaming slump
E‑gaming revenue down 37.2% as net income plunges 84.9% and remittances to PSC rise
Key Takeaways
- Pagcor's total revenue for Jan–Sep 2026 fell 23.4% to PHP64.41 billion from PHP84.09 billion a year earlier.
- Electronic gaming revenue dropped 37.2% year-on-year to PHP27.63 billion.
- Net income plunged 84.9% to PHP2.17 billion, partly due to PHP3.01 billion remitted to the Philippine Sports Commission.
- Pagcor remitted PHP27.61 billion to the National Treasury as the government's 50% share and PHP2.90 billion in franchise taxes.
Pagcor reported a 23.4% year-on-year drop in total revenue for the nine months to 30 September 2026, with weaker electronic gaming earnings cited as the principal drag. Total revenue fell to PHP64.41 billion (US$1.01 billion) from PHP84.09 billion a year earlier, while net income declined 84.9% to PHP2.17 billion.
E‑gaming slump and revenue mix
Pagcor chairman and chief executive Alejandro Tengco said revenue from the electronic gaming segment — covering e-bingo, e-games and bingo grantees — fell 37.2% year-on-year to PHP27.63 billion. Overall revenue from gaming operations declined 23.4% to PHP58.13 billion.
Licensed casinos were the second-largest contributor to gaming revenue, generating PHP23.10 billion, down 3.2% year-on-year. Pagcor-controlled Casino Filipino venues produced PHP7.28 billion, an 8.0% decline. Earnings from other related services fell 38.6% to PHP3.04 billion, while other income was nearly flat at PHP3.23 billion.
Higher remittances after court ruling
Pagcor said the sharper drop in net income reflected higher mandatory remittances to the Philippine Sports Commission following a Supreme Court ruling that requires the agency to remit 5% of its gross revenue to the sports body. The regulator remitted PHP3.01 billion to the Philippine Sports Commission during the first nine months of 2026.
"While we recognise the impact of lower gaming revenues on our financial performance, Pagcor remains committed to carrying out its mandate," Alejandro Tengco said.
"We will continue to pursue responsible and sustainable operations while ensuring that the gaming industry adheres to regulatory standards," he added.
Statutory contributions and outlook
Despite weaker earnings, Pagcor said its contributions to nation-building and statutory obligations totalled PHP45.28 billion in the reporting period. That included PHP27.61 billion remitted to the National Treasury as the government's 50% share, and PHP2.90 billion in franchise taxes.
In August, Tengco forecast full-year 2026 revenue would fall about 18% to PHP86.95 billion, citing the delinking of electronic wallets from online gambling platforms and geopolitical tensions in the Middle East affecting consumer spending. He noted signs of improving activity and hoped the year-end peak season would offset the weak first half. regulation
Frequently Asked Questions
How much did Pagcor's net income fall in the first nine months of 2026?
Pagcor's net income fell 84.9% year-on-year to PHP2.17 billion for the nine months to 30 September 2026, as stated in the regulator's release.
What drove Pagcor's revenue decline in 2026?
The electronic gaming segment led the decline, with e-gaming revenue down 37.2% to PHP27.63 billion, contributing to an overall revenue fall to PHP64.41 billion from PHP84.09 billion.
How did the Supreme Court ruling affect Pagcor's finances?
A Supreme Court ruling required Pagcor to remit 5% of gross revenue to the Philippine Sports Commission, leading to a PHP3.01 billion remittance in the first nine months and contributing to the sharper decline in net income.
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About the author
Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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