France’s Online Gaming Market Positive in Q3

Business News

In the third quarter of 2017, France’s online gaming market saw its revenue increase by 11% to €58 million, representing its strongest year-on-year growth for almost six years.

In the meantime, the country similarly noted impressive growth in other areas of its gambling industry, including its important sports and horseracing wagering sectors.

For the three-month period ending September 30th, poker cash game revenue increased by 5% to €22.1 million, while for poker tournaments revenue rose by 14% to €35.7 million. Furthermore, poker activity also improved by 8% to 228k during Q3, despite the amount of money spent by operators on bonuses contracting by 9% to €11.9 million over the period.

The latest quarterly poker results mark the first time both cash and tournament poker revenues have risen simultaneously since 2011, and may indicate a more bullish attitude towards online poker in anticipation of some of Europe’s major poker markets gearing up towards sharing liquidity next year.