PAGCOR net income drops 85% to ₱2.17bn after Supreme Court sports ruling

PAGCOR’s net income fell 84.85% to Php2.17 billion ($34m) in the first nine months of 2026, from Php14.32 billion a year earlier. The Philippine Amusement and Gaming Corporation said on 29 October 2026 that total revenues were Php64.41 billion, down 23.41% from Php84.09 billion.

The drop in net income followed a Supreme Court ruling that requires it to remit 5% of its gross revenues to the Philippine Sports Commission (PSC), nearly double previous levels.

By the numbers

• Total revenues: Php64.41 billion, down 23.41% from Php84.09 billion.
• Gaming operations: Php58.13 billion, down 23.44% from Php75.93 billion.
• Electronic Gaming: Php27.63 billion, down 37.23% from Php44.03 billion.
• Licensed casinos: Php23.10 billion, down 3.22% from Php23.87 billion.
• Casino Filipino branches: Php7.28 billion, down 8% from Php7.91 billion.
• Poker: Php105.86 million, down 4.60% from Php110.97 million.

What drove it

PAGCOR chairman and CEO Alejandro H. Tengco pointed to weaker Electronic Gaming. The company attributed the overall decline to weaker earnings from gaming operations and related services.

Related services earnings fell 38.59% to Php3.04 billion. Other income was almost flat at Php3.23 billion, against Php3.20 billion.

Where the money went

PAGCOR said it remitted Php45.28 billion in contributions and statutory obligations during the period:

• Php27.61 billion to the National Treasury as the government’s 50% share
• Php11.19 billion for socio-civic projects
• Php3.01 billion to the PSC
• Php2.90 billion in franchise taxes
• Php511.95 million to Casino Filipino host cities
• Php28.22 million in incentives for athletes and coaches who win international competitions
• Php15.85 million in corporate income tax

The release does not give the date of the Supreme Court ruling, whether it applies retroactively, what drove the Electronic Gaming decline, or what PAGCOR paid the PSC a year earlier.