The Philippine Amusement and Gaming Corporation (PAGCOR) may have had a pretty rough year in 2020, but it still helped the government’s coffers quite a bit. The regulator and casino operator contributed P17 billion ($353.7 million) to the Bureau of the Treasury through 15 December 2020, making it the country’s third biggest contributor, but only delivering half of what they did in 2019.

As PAGCOR is a Government-owned or controlled corporation (GOCC), it’s mandated to hand over 50% of it’s net earnings to the treasury. The P17billion was enough to rank it only behind the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), which contributed P40.53 billion ($843.4 million), and the Philippine Deposit Insurance Corp. (PDIC) with P17.98 billion ($374.1 million).

 In a statement, the Department of Finance noted that GOCC contributions would help fight Covid-19, as well as help restart the economy and help those in need.

The contribution from PAGCOR, while admirable, is still a far cry from what they contributed in 2019. In that year, they sent P35.93 billion ($706.38 million) to the treasury. But so many difficulties resulted in revenues being a far cry from what they once were.