MANILA -- The Philippine Amusement and Gaming Corporation (PAGCOR) posted P6.81 billion in net income in 2023.

This was 53.27 percent higher than the P4.44 billion it earned in 2022.

Th higher earnings allowed the state gaming regulator contribute more to nation-building, said its chairman and chief executive officer Alejandro Tengco.

PAGCOR says new logo meant to stop fraudulent transactions

In a statement, PAGCOR said it remitted P34.72 billion to the National Treasury. Of this, half or P17.36 billion will go to Philippine Health Insurance Corporation or PhilHealth, which provides free health care coverage to millions of poor Filipinos.

The Board of Claims under the Department of Justice will also receive P63.12 million, which will be used to compensate persons who have been wrongly imprisoned.

PAGCOR said licensed casinos in the country were the biggest contributors to its revenue, with P33.18 billion in contributions.
 
This was followed by the surging e-games sector ,which includes e-bingos, e-games, specialty games and sports betting. They contributed P21.66 billion.

Pagcor warns public vs fake, illegal online gaming sites

PAGCOR-run casinos gave P15.12 billion, while offshore gaming operations brought in P3.15 billion

PAGCOR places all POGOs on probationary status
PCSO, PAGCOR want tax cuts on casino, lotto winnings

Watch more News on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.