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PAGCOR to Commence PHP 37 Billion Remittance to PSC Following Supreme Court Mandate

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Southeast Asia

13Hours ago

PAGCOR is expected to initiate the first monthly remittance of 5% of its gross revenue to the Philippine Sports Commission (PSC) in the coming days

PAGCOR is expected to initiate the first monthly remittance of 5% of its gross revenue to the Philippine Sports Commission (PSC) in the coming days, marking the beginning of a court-ordered settlement totaling PHP 37 billion ($633 million). The Supreme Court of the Philippines ruled that the settlement will be paid over a 10-year period, effectively restoring a statutory allocation that had been reduced since 1993.


The ruling upholds Republic Act No. 6847, which mandates a 5% revenue share for sports development. Following the petition filed in 2016, the court's decision will see monthly contributions rise from an average of PHP 188 million to approximately PHP 440 million based on recent earnings. PSC Chairman Patrick Gregorio stated that these substantial funds are earmarked for facility upgrades in Rizal, PhilSports, and Baguio, as well as enhancing athlete welfare. This fiscal adjustment reflects a broader commitment to regulatory compliance and the sustainable development of the nation's sports and tourism sectors.

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