Gambling revenue rises in France
The third quarter of the year has brought a 27.7% increase in gambling to €346 million revenues, the regulator from France revealed.
France.- Gambling in France has experienced an impressive third quarter, as total revenue rose 27.7% year-on-year to €346 million. These results come despite being compared to a period in 2018 where France won the men’s World Cup.
Sports betting was the most important vertical in the third quarter, as handle increased 9% to €1.08 billion in the three-month period. This figure is particularly impressive as the third quarter of 2018 featured the men’s World Cup, won by France.
Revenue from sports betting totalled €214 million, a 43.6% increase from the previous year. Half of the betting handle came from football, which brought in €553 million, although the figure is a 12% year-on-year setback.
Poker was another segment with good figures in the three-month period. The modality posted its second consecutive quarter of increase and revenue was €21 million. ARJEL said that tournament rake rose to €45 million during that period.
Second-quarter results
ARJEL, France’s gambling regulator, showed 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. 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.
