BACOLOD

Pro-sports revenue loss due to Covid-19 balloons to P1.2B

BACOLOD. Chairman Abraham Kahlil Mitra. (Jerome Galunan Jr. photo)

DUE to the Covid-19 pandemic, the Philippine government has imposed restrictions on mass gathering since March that resulted in the government's loss of around P1,238,707,236.34 billion in revenue from various professional sports.

Based on the data shared by Games and Amusement Board (GAB) Chairman Abraham Kahlil Mitra, the quarantine restriction also affected 703,287 employees and a thousand more in the GAB-registered industries like gamefowl, horse racing, boxing, MMA, basketball and football.

Horse Racing

A total of P1,232,372,831.34 is the estimated government income loss because of the temporary halt of horse racing operations due to the pandemic.

This is the government's total shares as of the FY 2019 through Philippine Racing Commission (Philracom) Shares, GAB Shares, Tax on Winnings, Science and Documentary Stamps, and Philracom Shares from breakage.

Likewise, it also affected 629 GAB licensed betting operation personnel (managers, computer operators, cashiers, manual verifiers, and tellers of Manila Jockey Club Inc., Philippine Racing Club Inc., and the Metro Manila Turf.

It also sent 669 Off Track Station operators without a source of livelihood.

Further, the data excludes other horse racing employees who are part of the jurisdiction of the Philracom.

Gamefowl Industry

The gamefowl industry's worth stands at P50 billion as of press time and is exhibiting growing more with the stoppage of the cockfighting activities due to Covid-19.

It has affected 30,000 breeders nationwide, 40 million gamefowl nationwide, 14,000 poultry supply stores nationwide, and a sales drop in feed industry of 50 percent or equivalent to P15 billion, and P3 billion loss for veterinary products, vitamins and vaccines.

Moreover, the industry also affected 700,000 employment that includes cockpit employees and workers, breeders and farmhands, informal sectors, poultry supply employees, licensed gaffers and feeds, and agri-vet company employees.

GAB has registered 1,200 cockpits nationwide with an average of 20 employees per cockpit for a total of 24,000.

And because of the pandemic, the government has lost around P2,406,260 from international derby that includes: Income from Licenses Issued - P942,480; Income from Permits Issued - P270,680; and Income from Derby Assessment Fee - P1,193,100.

Boxing/MMA/Muay Thai, Kickboxing

Based on the data, the estimated total annual government income from permits, licenses, gate receipts including miscellaneous income is P1,428,145, or a monthly loss of P119,012.08 due to pandemic.

It has also affected a total number of 1,042 licensed boxers and 412 MMA, Muay Thai, and kickboxing fighters as well as hundreds of trainers losing their jobs due to Covid-19.

Basketball

Due to unavoidable cancellation of professional basketball conferences in the country last March 16, the national government, through GAB, would have realized an income from professional basketball licensing activities amounting to P2 million.

Likewise, the government's shares from the Philippine Basketball Association television broadcast are worth hundreds of millions per game.

It has also noted that though PBA players' salaries are based on contractual stipulations, the league's operation involves substantial personnel, including coaches, crew, and game officials, whose compensations are on a per event basis. This means that while PBA games are suspended, such personnel earn nothing.

Football

Meanwhile, the government will be losing an estimated income from licensing of about a quarter-million if the Philippine professional football, which operates under the Philippines Football League and Philippine Football Federation, if they would not be able to resume.

Not to mention the income lost by players, coaches, game officials for the season, as well as those working with the club and playing venues.

According to GAB, based on reports, that a typical football player in the Philippines has a market value of P5.6 million per season -- the same amount that would have been foregone if the league would not be able to resume this year.

Earlier, the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) has already given basketball and football to restart their conditioning and training sessions.


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