Philippines Sports Betting Market Size & Outlook

The sports betting market in Philippines is expected to reach a projected revenue of US$ 0.5 billion by 2030. A compound annual growth rate of 12.3% is expected of Philippines sports betting market from 2024 to 2030.
Revenue, 2023 (US$B)
$0.2
Forecast, 2030 (US$B)
$0.5
CAGR, 2024 - 2030
14%
Report Coverage
Philippines

Philippines sports betting market highlights

  • The Philippines sports betting market generated a revenue of USD 0.2 billion in 2023 and is expected to reach USD 0.5 billion by 2030.
  • The Philippines market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
  • In terms of segment, offline was the largest revenue generating platform in 2023.
  • Online is the most lucrative platform segment registering the fastest growth during the forecast period.

Sports betting market data book summary

Market revenue in 2023USD 0.2 billion
Market revenue in 2030USD 0.5 billion
Growth rate12.3% (CAGR from 2023 to 2030)
Largest segmentOffline
Fastest growing segmentOnline
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationOffline, Online
Key market players worldwideEvoke PLC, Betsson AB Class B, Churchill Downs Inc, Entain PLC, Flutter Entertainment PLC, International Game Technology PLC, Kindred Group PLC SEDR, Sportech PLC

Other key industry trends

  • In terms of revenue, Philippines accounted for 0.2% of the global sports betting market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China sports betting market is projected to lead the regional market in terms of revenue in 2030.
  • Philippines is the fastest growing regional market in Asia Pacific and is projected to reach USD 0.5 billion by 2030.

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Sports Betting Market Companies

Name Profile # Employees HQ Website

Philippines sports betting market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sports betting market will help companies and investors design strategic landscapes.


Offline was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Philippines sports betting market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.


  • Philippines Sports Betting Platform Outlook (Revenue, USD Billion, 2018-2030)
    • Offline
    • Online
  • Philippines Sports Betting Type Outlook (Revenue, USD Billion, 2018-2030)
    • Fixed Odds Wagering
    • Exchange Betting
    • Live/In Play Betting
    • eSports Betting
    • Others
  • Philippines Sports Betting Sports Type Outlook (Revenue, USD Billion, 2018-2030)
    • Football
    • Basketball
    • Baseball
    • Horse Racing
    • Cricket
    • Hockey
    • Others

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Target buyers of Philippines sports betting market databook

  • Our clientele includes a mix of sports betting market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Philippines sports betting market , including forecasts for subscribers. This country databook contains high-level insights into Philippines sports betting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Philippines sports betting market size, by platform, 2018-2030 (US$B)

Philippines Sports Betting Market Outlook Share, 2023 & 2030 (US$B)

Philippines sports betting market size, by platform, 2018-2030 (US$B)

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