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France’s regulated online gambling market grew across all verticals in the fourth quarter of 2018.
Figures released Monday by French gaming regulator ARJEL show that betting companies in France posted a betting turnover of €3.9 billion, representing 56 per cent rise year on year. This is a record amount since the launch of the regulated market in 2010. Betting revenue was up almost a third (32%) to €215m. Online revenue grew by a quarter to €1.205b for the full year and active bettors grew by 40%. However, average spend per person was down 10%.
Football wagering was up 54% to €663m in Q4, with basketball (€162.7m, +35%) and tennis (€111.4m, +70%) a distant second and third. The quarter’s biggest gainer in percentage terms was volleyball, which more than doubled its betting handle to €18.8m.
Horse racing and online poker did not record high turnovers as the other markets. The revenue from poker dropped by 1 per cent to €65 million, and tournaments seemed to rake in more profits than cash games. However, the number of active players per week increased by 2 per cent to 256,000.
