Online sports betting and lottery drive FDJ’s first half revenue

Finance News

In Q1 2022, compared to Q1 2021, FDJ posted revenue growth of +14.0%, to €613 million, with stakes up +10.2%, to €5,061 million.

The Group reminds that in Q1 2021, the measures taken by the French authorities to stem the Covid-19 epidemic had affected its activity at points of sale, with nearly 10% of its network closed, mainly bars. On the other hand, the digital activity recorded exceptional growth.

Activity increased across all channels, despite a near absence of a long cycle for draw games (high jackpots), unlike in Q1 2021.

Sports betting revenue was €129 million, up +13.4%. The persistence of a low player payout ratio since the end of 2021, 74.7% in Q1 2022, down -4.2 points compared to Q1 2021, contributed to the drop in stakes of -5.2%. This was mainly due to unexpected sports results, particularly for football.

Stéphane Pallez, Chairwoman and CEO of FDJ Group, said: “The start of the year was marked by strong growth in all our business lines, across all sales channels. The strong growth in lottery and sports betting revenues was driven by our network of 30,000 retail outlets and a solid online activity. We are also very proud of Moody’s ESG Solutions’ A1+ sustainability rating awarded to FDJ for the fourth year in a row. This good financial and extra-financial performance underpins our strategy of sustainable and profitable growth, and our outlook for 2022.”