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.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
UFC 294: Makhachev vs Volkanovski Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 21 at the Etihad Arena in Abu Dhabi. UFC 294, starting at 19.00 BST, featur...

Read more »

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more »

Stake.com Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker Stake.com recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more »

Stake.com Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook Stake.com has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner