Philippines Legal Online Gambling Guide For 2022
Internet gambling hasn’t been around too long in the grand scheme of things but technological developments have opened a window into Philippine legal online gambling. Interactive betting entertainment provides access to various forms of betting entertainment, including casino games, poker rooms, and sportsbook betting. These specific forms of online gambling have certainly gained momentum in recent years, but how do you know what forms of betting are legal for your region or which sites are legitimately licensed, regulated and reputable?
We have compiled this guide full of relevant information so that individuals seeking legally sanctioned online gambling services have everything they need to make informed decisions. If you are a Filipino resident or visitor interested in learning more about legal betting entertainment available online, you have come to the right place. Our team is made up of players and professionals with decades of experience in the industry.
We will provide information about the regulations governing legal betting options in the Philippines, as well as make recommendations of industry-leading offshore gambling destinations that are legally licensed, regulated and compliance certified. Here we will talk about the different kinds of options that are offered, what’s legal, what’s trending, and other relevant information associated with online gambling in the Philippines.
Best Philippine Online Gambling Sites For October, 2022
|Site Name||Bonus Offer||Payout Speed||PH||Play Link|
|100% Max $3,000||24-48 Hours||Play Now|
|50% Max $3,000||48 Hours||Play Now|
|75% Max $1,000||48 Hours||Play Now|
|50% Max $1,000||24-48 Hours||Play Now|
|Online Poker Sites|
|100% Max $1,000||24-48 Hours||Play Now|
|100% Max $1,000||48 Hours||Play Now|
Is Online Gambling Legal In The Philippines?
Yes, Filipinos can legally engage in real money betting from any licensed and regulated online gambling site from across the world that will accept their registration. While it is legal for domestic sports betting site MegaSportsWorld and some domestic Philippine online casinos to offer their services to residents, the age minimum at these sites is 21-plus, and members must have VIP status.
For most gamblers, this isn’t a viable option. Thus, Filipino residents tend to participate in the legal international gambling market, where they can partake of all the action at 18 and up in most cases.
Which Filipino Gambling Laws Regulate The Industry?
The national gambling laws in the Philippines have evolved quite a bit between 1975 and 2007, allowing the nation to integrate a substantial gambling market into the region and provide gambling entertainment for both residents and visitors to the island nation.
Starting with Presidential Decree 1067, which defined gambling for Filipinos and established the Philippine Amusement and Gaming Corporation (PAGCOR). Executive Order No. 13 cracks down on illegal gambling and clarifies that offshore online gambling is not illegal and the region has now embraced a healthy gambling industry.
There were numerous amendments and executive orders that were enacted in between these two laws, but these two are the beginning and culmination of the current gambling regulations for Filipinos. Our guide to Philippine gambling laws can be a useful tool for further information about the legal aspects of gambling in the Philippines.
Forms Of Legal Online Gambling Permitted For Filipino Players
Online casino entertainment has become popular in the Philippines for several reasons. These virtual casino destinations are typically able to offer a wider selection of games than brick and mortar destinations, they allow free play options, and the land-based casinos cannot compete with the attractive bonus offers and promotions provided by online operators.
There is also something to be said for 24/7 access from anywhere you have an internet connection. Check out our guide to Philippine legal online casinos for further information and to see our recommendations for the best online casino gameplay options.
Filipino players have access to offshore poker rooms that offer multiple formats and game types. Some of the popular variations of Philippine legal online poker play include Texas Hold’Em, Horse, Studs Poker and Omaha. The poker sites you find recommended in this guide also provide active tournament schedules and promotions, mobile gameplay options and substantial bonus offers.
Online Sports Betting
Philippine legal online sports betting allows players to bet on a multitude of sports including but not limited to: soccer, boxing, basketball, and baseball. Live betting is also popular with sports fans and most online sportsbooks host an array of betting lines and wagering options. For our readers that are interested in betting on horse racing check out our guide to Philippine legal horse betting sites.
Live Dealer Games
Live dealer games allow players to participate in land-based casino games from their personal computer or handheld device through the utilization of sophisticated web streaming technology. There are multiple live casino games that are available to play that feature a real-life dealer or croupier, some games that you will commonly encounter at our recommended online casinos are Blackjack, Roulette, and Baccarat.
Philippines Based Online Gambling Sites
With the proper license, it is legal to operate an online gambling site within the Philippines, however illegal to provide those services to domestic players. The Cagayan-Freeport Economic Zone is a hotbed for Asian-based online casinos since it is the only country in Asia to license and regulate online casinos. This gives players outside of the Philippines a sense of security knowing that these websites are tightly regulated by a government agency.
Can I Use Philippines Pesos When I Gamble Online?
While some online gambling sites will process transactions using the Philippines Peso (PHP), others do not. However, this never prohibits Filipino residents from being able to gamble online. Those sites that do not process PHP do offer conversion services. In addition, you can set up an e-wallet or cryptocurrency account with PHP.
In today’s technology-driven world a pro-tip is to keep an e-wallet with a currency purse that you usually play with, also you can get some great sign-up bonuses for funding your account with a cryptocurrency such as Bitcoin, Bitcoin Cash or Litecoin.
Deposit And Withdrawal Options
Online casinos, poker rooms, and sportsbooks provide multiple online gambling deposit methods for Philippine residents as well as a selection of withdrawal options. Bitcoin, Ethereum, and other cryptocurrencies are popular with online gamblers because it can be set up with any currency and used across the web while offering a safe and secure way to make a deposit or withdrawal. Electronic Wallets or e-wallets are also very versatile when it comes to different national currencies, including the PHP.
This option allows you to create a digital wallet that you can fund using PHP and in turn use that e-wallet fund your online gambling account with a currency that the site uses. Individuals will also find a variety of other deposit and withdrawal options including credit cards, debit cards, prepaid cards and vouchers, money orders, bank transfers or cashier’s check. These options usually support international currency conversion and can be beneficial for players who don’t want to keep an e-wallet or invest in cryptocurrency.
Do I Have To Pay Taxes On My Winnings When I Gamble Online?
A Philippine resident can be taxed on all income derived from within or outside of the country. Prizes and winnings over P10,000 are typically taxed at 20% for Filipino residents. It is common knowledge that players are to report online winnings on their income tax report.