The 2021 market revenue results by PAGCOR were shocking for some online gaming companies in the Philippines. It was because the GGR in the industry hit an average of USD 2.2 billion (PHP 131 billion).
Online gaming statistics
The industry experts observed a 14.5% increase compared to the pre-pandemic data. However, the revenue halted in 2020 and stayed stagnant at USD 1.9 billion (PHP 98 billion). Even then, the results were boosted during the nationwide vaccination drive.
In 2021, the online gaming industry in the Philippines was transformed entirely. So, the table below shows the quarter-wise breakdown of the revenues collected.
As depicted in the table, the 4th quarter generated the highest revenue. Whereas, the lowest was in the 2nd quarter while the gain halted in the 3rd quarter. At the same time, revenue collected from gaming in the Philippines was good enough for the first quarter.
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