The French iGaming regulator, ARJEL has released its financial records for 2017 boasting an astounding increase in revenue. The collective amount reached €962 million for a year-to-year hike of 18%. Betting and first deposit amounts also grew on a 9% percentage to reach €9.2 million. What has perhaps been most impressive is that French punters rekindled their interest in horse racing as active horse bettors increased in numbers for the first time in four years, from 484,000 to 523,000.
The French iGaming industry also saw record heights in active players and sports betting revenues. Active players reached two million, for a 25% increase while total placed stakes climbed to a record €2.51 billion. Concurrently, poker stakes also rose by 1% to reach a total of €3.69 billion, with entry fees for tournaments also climbing 9%.
A total of €439 was collected in tax by ARJEL, a figure larger by 13% compared to 2016 in the French iGaming industry. ARJEL went on ahead to complement its licensees for improving their products and also painted themselves in a good light by stating: “These results are encouraging: they testify to the dynamism of the licensed operators and reflect the determined action of the regulator. It’s our responsibility to make this market live and fight the illegal supply because it is the most protective for the market.”