French online gambling market flourishes in third quarter

Third quarter figures released late last week by the French regulator ARJEL paint a positive picture of French online gambling, highlighting:

* Online poker overall revenue up 11 percent at Euro 58 million, with cash game handle up 8 percent at Euro 885 million, and cash game revenue up 5 prcent at Euro 22.1 million ….the best growth in the past six years;

* Cash game active players up 12 percent at 68,000;

* Tournament poker fees up 10 percent at Euro 474 million, with revenue up 14 percent at Euro 35.7 million;

* Tournament active players uyp 9 percent;

* Weekly active poker accounts up 8 percent at 228,000, halting the declines of the past four quarters;

* Sports betting handle up 23 percent y-o-y at Euro 549,000, and revenue up 23 percent at Euro 106 million. Football delivered 60 percent of the action;

* Weekly active player numbers up 26 percent at 301,000;

* Horseracing stakes rose 15 percent at Euro 244 million, with revenue up 10 precent at Euro 60 million – the best since market liberalisation in 2010;

* New racing accounts up 15 percent at Euro 127,000;

* Operators cut bonus costs by 9 percent during the quarter.

The regulator remains bullish on future prospects, encouraged by the online poker pool sharing agreements it has entered into with other European regulated jurisdictions.

Related and similar