France’s iGaming market continues record-setting pace

Business News

The online gaming market in France continue to record solid growth as indicated by the latest reports on the performance of licensed wagering operators in Q4 of financial year 2018. The reports were issued by the country’s gambling regulatory authority, ARJEL, earlier this week.

In 2018, France recorded a betting turnover of €3.9 billion, which marks a 56% increase from 2017. This was the highest value of bets recorded in the country since it instituted legal online betting in 2010.

Focusing on the last three months of 2018, the value of wagers placed on sporting events was €1.06 billion, which is a record high on quarterly turnovers. The revenue generated by the market in the last quarter of 2018 was €215 million, an improvement of 32%. The number of active punters also rose by 39% to an average of 546,000 each week.

Volleyball recorded the highest gain percentage of all sports with a record €18.8 million in bet values, marking a positive growth of more than 100% from Q4 of 2017.

However, football was the most popular betting market with a turnover of €663 million. The figure marked an increase of 54%. It was followed by Basketball which came a distant second with €162.7 million in bets value. The third most popular market among punters was tennis which realized a turnover of €111.4 million, marking a 70% improvement.