World Cup fuels 21% revenue increase in French online gambling

[The Buzz]

France's success at the 2018 FIFA World Cup helped drive huge gains in online sports betting revenue.

ARJEL, the French regulator, reported last week that there was 21% year-on-year increase in online gaming revenue during the third quarter of 2018, which coincided with the latter stages of the World Cup. Total gross gaming revenue grew to €271 million, with sports betting reporting a 40% jump in revenue to €149 million. During the World Cup, which France won for the first time since 1998, the average number of active accounts per week for the sports betting was up 84% to 553,000 accounts.

Overall, a total of €995 million was wagered online in the three months to the end of September, compared to €549 million in the corresponding period last year.

Horse racing grew 4%, while the online poker market, aided by the pooling of liquidty with Spanish and Portuguese markets, grew 3% thanks to a 13% increase in cash game stakes.

Read the entire report (in French) here: http://www.arjel.fr/IMG/pdf/2018T3.pdf

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