France sees major rise in sports betting

France sees major rise in sports betting

Tuesday, May 10, 2016 Totally Gaming
Most major sports generated increased betting revenue during the quarter

French sports betting revenue grew by 47 per cent year-on-year during the first quarter of 2016.

In figures released by the ARJEL regulator, total handle hit €516m ($586.4m), with sports earnings increasing by 30 per cent to €82m in the three months to March 31. Football made up 58 per cent of the market, with revenue growing by 45 per cent. Tennis was 18 per cent of the market, and saw a 46 per cent increase in betting, while rugby and basketball grew by 71 per cent and 57 per cent respectively. However, horseracing’s saw a seven per cent decline in handle to €247m, with earnings falling five per cent to €66m

ARJEL suggested the overall improvement was due to a 2.1-point rise in betting returns to players, which the regulator said encouraged punters to reinvest their winnings, as did a 75 per cent year-on-year increase in bonus offers.

Just days after an amendment was made to French laws that could see an end to ring-fenced pools, it was announced that poker recorded its first ever year-on-year growth in revenue during the first three months of 2016. Poker was up two per cent to €62m thanks to rising tournament fees, which were up 17 per cent to around €500m and a 4.4 per cent rise in weekly active player accounts to 257,000. ARJEL said that poker revenue gains were aided by a two per cent decline in the volume of bonus offers sites made to players. 

TotallyGaming.com says: “This is an encouraging report from ARJEL, with French-based operators seemingly in a great position to make the most of football’s Euro 2016 this summer.”

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