France’s Online Gambling Market Continues Record-setting Pace
France’s regulated online gambling market grew across all verticals in the first quarter of 2018 as active player ranks surged by one-quarter. Figures released Monday by French gaming regulator ARJEL show the country’s licensed online sports betting operators handled wagers worth €847m in the three months ending March 31, a 34% rise over the same period last year and a new record for online betting handle since the regulated market launched in 2010.
Online betting revenue fared even better, rising 55% year-on-year to €147m – another quarterly record – thanks to favorable sporting results that pushed the return to players down 2.1 points to 85% (the minimum return allowed under French law). The average number of weekly active bettors surged 36% to 462.5k, enticed in part by operators’ bonus offers, which jumped 53% to €19.6m. Football wagers were up 34% year-on-year to €465m, accounting for 55% of Q1’s total wagering handle. The presence of French football clubs in the Champions League and Europa League finals pushed wagering in these leagues up 47% and 73% year-on-year, respectively.