Morgan Stanley: Online gambling revenue in the Philippines now accounts for 70% of physical gambling revenue.

Morgan Stanley, based on data from PAGCOR, calculated that the annualized gross gaming revenue (GGR) of online gambling in the Philippines will reach about $2.4 billion in the third quarter of 2024, accounting for 70% of the country's land-based gambling GGR.This ratio has risen from about 40% in th