Pagcor hits P58.96-B revenue in 2022, contributions up by 51.30%

by The Manila Times

Feb 08, 2023 12:11 am

THE Philippine Amusement and Gaming Corp. (Pagcor) posted another record-breaking feat after its total income for 2022 reached P58.96 billion, a 66.16-percent increase, compared to its P35.48 billion total income in 2021.

The biggest contributor to Pagcor's revenue achievement was its income from gaming operations, which reached P55.05 billion. This amount was 68.71-percent higher, compared to the P32.63-billion earnings in the previous year.

The Philippine Amusement and Gaming Corp. allocates P3.63 billion for the government’s socio-civic programs and P2.75 billion for the Bureau of Internal Revenue as 5% franchise tax. CONTRIBUTED IMAGE

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