Learn more about the legal status of sports betting in the Philippines, the types of wagers Filipinos can make, and how to fund your online sportsbook account. This lack of clarification is fortunate for Philippine nationals since they are able to readily access the top online sportsbooks. In spite of the fact that internet gambling is profitable, the regulation around it is inconsistent and can be confusing. Sports betting is growing in the Philippines and accounts for a significant portion of the country’s revenue. Betting is a popular pastime in the Philippines, generating billions of dollars annually.