(UPDATE) SEN. Juan Miguel Zubiri said Thursday online gambling has expanded at a speed government regulators “failed to match,” with revenues jumping over 5,500 percent in the past four years.
“From 2020 to 2024, the industry grew by 5,564 percent. Unbelievable. And yet it is real,” Zubiri said during a Senate hearing on measures to deal with online gambling.
He linked the surge on online betting to “easy access” through e-wallets or mobile apps.
The senator said online gambling proliferated while losses piled up for wage earners, students and low-income families “whose lives have been lost or destroyed by betting online.”
