French online sports betting up 9 percent in Q2-2017
News on 27 Jul 2017
News on 27 Jul 2017
Figures released by French regulator ARJEL Wednesday brightened up the online gambling sector with the news that turnover and revenue rose to record quarterly levels in Q2-2017.
The improvement came despite a difficult comparison with the same period last year, when business was boosted by wagering on the Euro 2016 football championships.
Turnover of Euro 636 million was achieved in Q2-2017, a 9 percent y-o-y rise and a new quarterly record that generated revenue Euro 111 million, up 22 percent y-o-y, with margins up 1.9 percent.
The regulator reported less male but more female action in sports betting, with women punters up 5 percent at 80,000 whilst male gamblers declined 4 percent to 808,000 in the quarter.
The horseracing vertical reported turnover up 9 percent y-o-y at Euro 239 million, and revenue up 5 percent to Euro 58 million…a welcome change from the persistent downward trend experienced in the past
Online poker showed improvements too…revenue rose 5 percent y-o-y in the quarter to Euro 58.6 million, with tournament revenues again eclipsing those from cash games. Tournament revenue was up 12 percent at Euro 36.6 million on stakes up 2 percent at Euro 459 million, whilst on the cash games front stakes fell half a percentage point to Euro 850 million, generating revenue of Euro 22 million.
The positive poker trend was overshadowed by a decline in the number of weekly active players during the quarter, which dropped 2 percent to 227,000, with cash games bearing the brunt of the fall-off – down 6 percent to 65,000.
