FDJ sees betting revenue jump

Finance News

French operator FDJ regained a higher level of stakes than before the crisis in 2019. The momentum should continue, in particular thanks to a dense sports calendar and the increase in stakes for the online lottery.

The FDJ Group’s revenue totalled €538 million. Betting revenue was up takes up 12% to €4.6 billion, and revenue up 5% at €0.5 billion. Raw game stakes of €1.3 billion, up 2.6% and more than 20% excluding Amigo.The closure of bars and strict sanitary measures limiting overcrowding in point-of-sale continue to have a significant impact on Amigo, whose stakes are down more than 50%. Loto and Euromillions stakes, which were up more than 20%, benefited from several long cycles, notably Euromillions, with a new record win of €210 million.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: Despite the enduring impact of the health situation on the environment, the first quarter confirmed the good trends in our business, with stakes exceeding the levels recorded before the crisis.

After reaching almost 10% of our global stakes in 2020, digital stakes continue to grow at a strong rate whereas our network activity is maintained. The events program for lottery and a busy sporting calendar, including Euro 2021 in football, should allow this momentum to continue in the months to come.”