French online gaming revenue increased in Q3 2019

18 Nov 2019

france-operators-revenue-growthOnline sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same period last year. More specifically, according to the figures that were recently released by the French gambling regulator, ARJEL, the country’s licensed gambling operators have generated a combined revenue of €346m. A figure which is higher 27.7% over the same period last year and about €3m more than the one generated in Q2 2019.

As regards sports betting in particular, it constituted the main force of Q3’s overall growth, as the 13 licensed operators reported significant increase in revenue up to 44% YOY to €214m. This came despite the fact that the online betting wagers rose only 9% to €1.08b and the number of active bettors decreased by 1%.

The total return to bettors also decreased by 5.3 points YOY; basically due to the fact that on the same period last year, the Final of the FIFA World Cup between France and Croatia took place, and resulted in a €36.5m overall payout to French punters in Q3 2018. Furthermore, operators’ bonus offers to players dropped from €20m to €17m, as there wasn’t any similar sports event in place during Q3 2019.

As for race betting revenue, it rose 5% to €66m, partly due to bonus offers that dropped by more than ⅓. Nonetheless, active race bettors increased by 5% and stakes moved up 7%, so ARJEL projected that racing will have a 3rd straight year of annual revenue growth, as soon as 2019’s final numbers are released.

It is also worth mentioning that, although France’s licensees weren’t very generous with their bonus offers during Q3, their total marketing financial expenditure went up 13.2% to €43m. As a matter of fact, about ⅔ (62%) of this amount was spent on acquisition and retention attempts, with another 33% spent on local media promotions.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

STS, the biggest Polish bookmaker, has taken its development one step further by taking over BetSys, the software provider that was already its main I...

Read more »

Betwinner has announced that it has signed an exclusive deal with Brazilian football legend Roberto Carlos, which appoints him as the brand’s ambassad...

Read more »

The Norwegian Ministry of Culture is considering unifying the country’s gambling laws under a new piece of legislation. This means that the Lott...

Read more »

The Cypriot government is determined to amend the nation’s sports betting law in order to benefit the development of all-levels of Cypriot football. M...

Read more »

Betzest has announced a brand new partnership with the paramount payment provider Youpaycoin for both its online sportsbook and casino platforms. Youp...

Read more »

Bethard Group Limited has announced that it will cease its operations in the UK gambling market as of July 6, 2020. The Malta-based operator informed ...

Read more »

GVC Holdings PLC, the owner of Bwin, has been readmitted to the FTSE 100 and 888 Holdings PLC, the owner of 888sport, has entered into the FTSE 250 In...

Read more »

Visa cards could soon be banned from online casinos that operate in the German market due to illegal gambling transactions that reportedly take place....

Read more »

The Swedish gambling regulator, Spelinspektionen, has submitted new regulatory changes for football betting to the National Board of Trade, aiming at ...

Read more »

Norsk Bransjeforening for Onlinespill (NBO), simply known as the Norwegian Industry Association for Online Gaming, has requested the national authorit...

Read more »