French gaming revenue grows 35% in Q1 increase as betting skyrockets

| By Nosa Omoigui
The French online gaming sector posted revenue of €587m ($715m/£505m) for the first quarter of 2021, representing a 35% increase on the same period last year.
French gaming industry sees turnover increase for 2021

According to the statistics posted by France’s gaming regulator ANJ, the increased revenue can be attributed partly to a 19.1% increase in active player accounts to 3.1 million.

Sports betting in particular was was subject to massive growth. The €2.18bn wagered by players was a 78.8% increase on a 2020 heavily impacted by a suspension of sporting events caused by the novel coronavirus (Covid-19) pandemic late in the quarter.

This led to €357m in betting revenue, from which €172m was paid in levies.

Active sports betting accounts increased 29.2% to 2.5 million – a figure which the regulator said is expected to increase this summer due to the Olympics and Euro 2020.

Football was the most popular sport to bet on by a considerable margin, contributing €1.3bn worth of wagers. Basketball was second with €362m, followed by tennis with €340m, with rugby coming next with €49m.

There was also an increase in betting on horse racing, as the €481.0m staked represented a 59.9% increase from 2020. Active accounts were up 13.3% to 402,000, while revenue increased 48.0% to €110m.

The €120m worth of poker revenue was a 23% increase from last year, while active player accounts grew 9% to 991,000.

Subscribe to the iGaming newsletter