French online sports betting up 9 percent in Q2-2017

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.

Related and similar