The online betting industry is quickly becoming one of the fastest-growing industries in the world. With the rise of technology and the internet, more people are turning to online betting as a form of entertainment and a potential source of income. To gain insights into the perception of online betting in the country, Capstone-Intel Corporation conducted a nationwide survey.
The survey was carried out between May 1 and May 11, 2023, involving 1,200 respondents from 17 different regions. The gender distribution of the respondents was 51% male and 49% female, with ages ranging from 18 to 65 years. All respondents were confirmed to have knowledge of online betting.
The study aimed to gain insights into the online betting culture among Filipinos, including determining the level of engagement, reasons for engagement, and the amount typically bet, among other factors.
Based on the gathered data, the results indicate that 64% of respondents are engaged in online betting. The degree of engagement varies across different age groups, with 66% of respondents aged 18 to 40 engaging in online betting, while 57% of those aged 41 to 55 have participated in this activity. Conversely, respondents aged 46 to 50, 56 to 60, and the majority of those aged 61 to 65 have not yet engaged in online betting. On the other hand, respondents aged 46-50, 56-60, and the majority of those aged 61-65 have not participated in online betting. Moreover, concerning gender differences, it has been observed that 70% of male respondents have shown interest in online betting, whereas the percentage for female respondents is 58%.
Based on the study, it was also discovered that out of the 773 respondents who participate in online gambling, 30% of them engage in it two to three times a week, 22% participate once a month, and 20% participate once a week.
Based on these findings, it can be inferred that online betting is a growing industry.
“One major contributor to its growth is the increasing accessibility and convenience of online platforms for betting. With the widespread availability of internet access, bettors can easily place their bets from anywhere, at any time, using their desktop or mobile devices,” said Ella Kristina Domingo-Coronel, Research and Publications Director of Capstone-Intel.
“Another factor contributing to the growth of online betting is the increasing legalization and regulation of this industry. Our governments have recognized the potential revenue that can be generated from online betting. This has led to a more secure and trustworthy environment for bettors,” she added.
The study also revealed that respondents engage in various forms of online betting, with 26% participating in e-casino, 26% in online bingo, and 24% in online gaming. Among the most visited online betting websites were eGames (38%), OKbet (25%), Bet88 (24%), and eSports Bet (20%).
Reasons, amount for betting
According to the survey results, the primary motive of the respondents for participating in online betting was to test their luck (39%) and earn quick money (32%).
Furthermore, the survey indicates that 69% of respondents spend less than P1,000 on betting, while 20% spend between P1,001 and P3,000. Only 6% of respondents bet between P3,001 and P5,000, while 3% bet between P5,001 and P10,000.
