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France Posts Q1 Revenue Growth for Sports Betting

France

The first quarter of the year was good for sports betting in France with a 51% year-on-year revenue growth. Licensed operators in the country brought in a combined take of €357m for the three-month period.

It is no surprise that active player accounts also rose. Reports indicate that deposits were up one quarter (to €658m). They also reveal a rise in wagering revenue to €222m. Apparently this is a record for this category. Meanwhile active bettors on a weekly basis spiked 42%.

It is interesting that female gamblers are actually growing in greater numbers than their male counterparts at a rate of 24% for the quarter (compared to 19% for men) They are still only one-eighth of total online players in France.

Statistics also show that the dominant online sports betting category is football. For Q1, it captured €717m. The most popular area is the Ligue 1, accounting for €119.6m.

Then comes tennis at €250m and in third place, basketball, with €177m. In a more modest spot, horseracing only posted wagers at €273m (up a mere 1%).

The low man on the totem pole was online poker with revenue dipping a bit (at 1% to €68m).

Source: https://europeangaming.eu/portal/latest-news/2019/07/08/49989/frances-sports-betting-revenue-increases-in-q1-2019/

About the author

Carol Kay

Carol Kay

Carol Kay is an American editor and writer living in California with a background in business and finance, health and fitness and popular culture. She is the author of numerous books and articles on a variety of subjects. She is dedicated to disseminating information of public import on the internet.

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