Online gambling revenue up in France
The gambling regulator from France ARJEL has reported that online gambling experienced a revenue increase in the second quarter of the current year.
France.- ARJEL, France’s gambling regulator, reported on Monday the second-quarter revenue results, which show that online gambling hit €343 million in the three-month period ended June 30. This represents a 13.5% increase from the same period last year.
The gambling regulator reported that all verticals increased revenues in the second quarter of the year. Despite the 13.5% year-on-year improvement, the second-quarter figures are down by €14 million when compared to those registered in the first quarter of the year.
The online sports betting operators reported €1.2 billion in turnover, which represents a 20% increase, while they registered €214 million in revenue and an 18% rise. These results come despite competing with the FIFA World Cup that took place last year in Russia. This year, however, France hosted the Women’s World Cup, which totalled €48.7 million in turnover in the second quarter.
Moreover, online race betting turnover and revenue increased 8% to €269 million and €66 million respectively. Active weekly race bettors increased 4.4% during the three-month period thanks to a 7% rise in June.
Online poker revenue also reported a 5% gain year-on-year to €63 million, despite the fact that this figure was down €5 million from the first quarter’s total.
First-quarter results
Year-on-year growth was driven by a 52% increase in revenue within the sports betting sector. It posted €222 million in revenue, significantly up from the €147 million registered in the first quarter of 2018. These figures represent the highest revenue in a quarter since the country launched the sports betting market.
Once again, football was the most popular sport in France, as punters wagered €716.8 million. It represents an increase of 54% when compared to the €464.9 million in 2018. The local league attracted the biggest number of bets, while the English Premier League and the Champions League closely follow.
