OKBet
OKBet is a private, PAGCOR-licensed online gaming platform serving adults aged 21 and above in the Philippines through a website and Android/iOS apps, offering sports betting, casino, bingo, poker, numeric, and specialty games.
- Company typePrivate
- Founded-
- HeadquartersAlabang, Muntinlupa, Metro Manila, Philippines
- Headcount101–250
- GTM typeB2C
- OfferingServices
What OKBet does
OKBet is a private online gaming platform operated by GAVIN VENTURES, Inc., a company registered in the Republic of the Philippines and operating under a PAGCOR license. It serves adults aged 21 and above who are physically within the Philippines through OKBet.com and dedicated iOS and Android applications. Its product portfolio covers sports betting, electronic casino games, electronic bingo, online poker, numeric games, and specialty Filipino games, with sports coverage including basketball, boxing, football, soccer, billiards, international horseracing, Formula One, marathon, greyhound racing, chess, tennis, and darts.\n\nThe disclosed platform is a self-service web and mobile system for registration, identity verification, deposits, withdrawals, and gameplay. Its control architecture includes multi-document identity checks, screening against PAGCOR, minor, government, AFP/PNP, restricted-person, and PEP lists, geolocation enforcement, encryption of sensitive information, secured activity logs, and separation of customer funds from company funds. Account eligibility is restricted by age and occupation, and OKBet provides access to PAGCOR's self-exclusion mechanism and responsible-gaming guidance.\n\nOKBet uses a direct-to-consumer, transaction-based model. Revenue is primarily tied to the house edge or transaction spread on sports betting, casino games, bingo, numeric games, specialty games, and poker, with additional transaction fees on selected withdrawals; OKBet covers up to three withdrawal requests per day for normal accounts, after which applicable fees apply. New players must make an initial deposit of Php 500, minimum withdrawal is Php 100, and normal accounts have a daily withdrawal limit of Php 1,250,000; the platform also promotes a 60% top-up rebate. Distribution and marketing are digital and self-service, using the website, mobile applications, email, SMS, social media, and customer support, with no disclosed intermediary reseller network.
OKBet firmographics
Firmographics- Name
- OKBet
- Legal name
- GAVIN VENTURES, Inc.
- Website
- https://okbet.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- OKBet is a private, PAGCOR-licensed online gaming platform serving adults aged 21 and above in the Philippines through a website and Android/iOS apps, offering sports betting, casino, bingo, poker, numeric, and specialty games.
- Ownership category
- akta.pro rank
OKBet industry classification
Industry- Product category
- Online Sports Betting & Casino
- NAICS
- Gambling Industries (7132), Other Gambling Industries (713290)
- SIC
- Services-Miscellaneous Amusement & Recreation (7990)
- akta.pro primary industry
- Real-Money Online Casino Operators (RNG Slots & Table Games) (MPAEABAA)
- akta.pro secondary industry
- Online Poker Casinos (Casino + Poker Rooms) (MPAEABAC)
Keywords
Where OKBet is headquartered
LocationHeadquarters
- HQ city
- Alabang, Muntinlupa, Metro Manila
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
OKBet business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Gaming Transaction Fees: Revenue generated from gaming transactions including sports betting, electronic casino games, electronic bingo, numeric games, specialty games, and online poker. Players place bets and wagers on various outcomes, with the platform earning from the transaction spread or house edge built into the games.
- Player Deposits and Withdrawals: Revenue partially derived from transaction fees on deposits and withdrawals. OKBet covers up to 3 withdrawal requests per day; subsequent withdrawals are subject to applicable transaction fees. Initial deposit requirement is Php 500.
- Promotional Rebates and Bonuses: Revenue generated through promotional offers such as the 60% Top-Up Rebate, which drives player deposits and engagement while creating a structured bonus ecosystem with terms and conditions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Player Account |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
OKBet product offering
Product offeringCore offering
OKBet is a PAGCOR-licensed online gaming platform operated by GAVIN VENTURES, Inc. that delivers sports betting, e-casino, e-bingo, online poker, numeric games, and specialty Filipino games to registered adult users physically located within the Philippines via its website and mobile applications. Players fund accounts through deposits, place wagers on gaming outcomes, and earn prizes subject to KYC verification, AML compliance, and PAGCOR oversight.
Product overview
OKBet is a unified online gaming platform operated by GAVIN VENTURES, Inc., licensed by PAGCOR for use exclusively within the Philippines. The platform integrates multiple gaming verticals: Sports Betting (covering basketball, boxing, football, soccer, billiards, horseracing, Formula One, marathon, greyhound racing, chess, tennis, and darts), e-Casino (virtual casino games), e-Bingo (electronic bingo), Online Poker, Numeric Games, and Specialty Games (including traditional Filipino games). Users can access the platform via the main website or dedicated mobile applications for iOS and Android. All gaming operations are regulated and authorized by PAGCOR, with geographic restrictions limiting access to individuals physically present in the Philippines.
Differentiator
Problem solved
Functional benefit
Products and services
- OKBet Online Gaming Platform A PAGCOR-licensed online gaming platform operated by GAVIN VENTURES, Inc. offering sports betting, casino games, poker, bingo, numeric games, and specialty Filipino games exclusively to adult users physically present within the Philippines. The platform combines a website (OKBET.com) and mobile applications for Android and iOS with mandatory KYC verification and responsible gaming controls.
- Sports Betting Sports wagering on events including basketball, boxing, football, soccer, billiards, international horseracing, Formula One, marathon, greyhound racing, chess, tennis, and darts, with live in-match betting support, targeted at adult users within the Philippines.
- e-Casino (Electronic Casino) Virtual games of chance and mixed games of chance and skill commonly offered in casinos, delivered electronically through the OKBet platform to registered adult users in the Philippines.
- e-Bingo (Electronic Bingo) Virtual game of chance played using an electronic gaming system with bingo or bingo-styled cards and numbers, where players win by completing predetermined patterns or combinations, offered to registered adult users in the Philippines.
- Online Poker Online poker gaming with random shuffling of system software and randomized game transactions, offered to registered adult users within the Philippines.
- Numeric Games Number selection games where players pick numbers from a pre-determined set to match randomly drawn numbers for prizes, distinct from PCSO lottery draws, offered to registered adult users in the Philippines.
- Specialty Games Virtual games of chance and/or skill including traditional Filipino games or variations recognized as products of Filipino ingenuity intertwined in Filipino culture, offered to registered adult users within the Philippines.
Quantifiable outcome
- Self-exclusion available through PAGCOR's OSEA system
Companies that use OKBet
Customer profileSegments2 records
Ideal customer profiles2 records
OKBet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
OKBet partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights3 records
OKBet competitors and assessment
Company assessmentBroad incumbents
- Bet365: Bet365 is a global online sportsbook and gaming operator spanning sports betting, casino, poker, and mobile access. Its integrated multi-vertical platform and transaction-based operating model are broadly comparable to OKBet.
- Flutter Entertainment: Flutter Entertainment owns multiple online sportsbook, gaming, poker, and betting brands. Its portfolio-led approach to consumer wagering makes it a relevant scaled incumbent comparator for OKBet's integrated platform.
- FanDuel: FanDuel provides online sports betting, gaming, and related consumer engagement through digital channels. It is a useful incumbent benchmark for OKBet's direct-to-consumer acquisition, wagering, and retention model.
- Entain: Entain is a global betting and gaming group with sportsbook, casino, poker, and digital gaming operations. It is comparable to OKBet because it serves similar wagering use cases through an online, transaction-led model.
- DraftKings: DraftKings is a scaled online sports betting and iGaming operator with consumer-facing mobile and web products. Its sports-led, regulated digital wagering model is comparable despite serving a different geography.
Direct peers
- Stake: Stake is a global online casino and sportsbook platform with a digitally native, transaction-based model. Its combined sports and gaming offering overlaps closely with OKBet, although Stake has a stronger crypto-led positioning.
- 1xBet: 1xBet operates a global online sportsbook, casino, and gaming platform with web and mobile distribution. It is comparable to OKBet through its broad real-money gaming catalogue and direct digital wagering model.
- BingoPlus: BingoPlus is a Philippine online gaming brand centered on bingo and related gaming products. It is relevant as a domestic direct-to-consumer operator competing for the same local online wagering audience.
- ArenaPlus: ArenaPlus is a Philippine-facing online sports and gaming platform with a consumer digital offering. It is closely comparable to OKBet's sports betting and broader iGaming proposition for Philippines-based players.
Regional players
- SBOBET: SBOBET is an established Asian-facing online sportsbook and gaming operator. It is relevant to OKBet as a regional comparator focused on sports wagering and adjacent online gaming products.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
OKBet social profiles
Digital presenceOKBet compliance and trust
Trust signalCompliance3 records
OKBet financial estimates
Financial estimateRevenue estimate
Valuation estimate
OKBet leadership team
Management profileNumber of profiles
OKBet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OKBet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OKBet
What does OKBet do?
OKBet is a PAGCOR-licensed online gaming platform operated by GAVIN VENTURES, Inc. that delivers sports betting, e-casino, e-bingo, online poker, numeric games, and specialty Filipino games to registered adult users physically located within the Philippines via its website and mobile applications. Players fund accounts through deposits, place wagers on gaming outcomes, and earn prizes subject to KYC verification, AML compliance, and PAGCOR oversight.
Is OKBet a public or private company?
OKBet is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was OKBet founded?
OKBet was founded in -1. It employs 101 to 250 people.
Where is OKBet based?
OKBet is headquartered in Alabang, Muntinlupa, Metro Manila, Philippines, in the Asia region.
How does OKBet make money?
Three revenue lines are on record. Gaming Transaction Fees are the primary driver. The others are player Deposits and Withdrawals and promotional Rebates and Bonuses.
Who are OKBet's main competitors?
Broad incumbents on record are Bet365, Flutter Entertainment, FanDuel, Entain and DraftKings. Direct peers are Stake, 1xBet, BingoPlus and ArenaPlus. SBOBET is listed as a regional player.
Does OKBet have an API?
No public API is recorded for OKBet.
What industry is OKBet in?
OKBet's product category is Online Sports Betting & Casino. Its primary akta.pro industry code is MPAEABAA, Real-Money Online Casino Operators (RNG Slots & Table Games), with a secondary code of MPAEABAC, Online Poker Casinos (Casino + Poker Rooms). Its NAICS code is 7132 and its SIC code is 7990.