The subject matter described herein includes methods, systems, and computer program products for oversubscription of wireless media gateway resources. According to one aspect, the subject matter described herein includes a method for oversubscription of wireless media gateway resources. The method includes defining at least one per-resource oversubscription factor for wireless media gateway resources required by at least one wireless network connection. The wireless media gateway resources are provisioned for the at least one wireless network connection using the at least one per-resource oversubscription factor. Allocating the wireless media gateway resources to the at least one wireless connection network includes oversubscribing the wireless media gateway resources by an amount based on the at least one per-resource oversubscription factor to increase utilization of the wireless media gateway resources by increasing the number of wireless network connections that the wireless media gateway is capable of serving.