French Online Gambling Market Continuously Growing
According to online gaming news sources, the French online gambling market is continuously growing following the unexpected developments this year. The country’s gambling regulator, L’authorité nationale des Jeux lauding, there is a spectacular recovery in all gaming segments.
The ANJ further notes that the market recovers to a level significantly higher than the one even before the health crisis. The revenue boosts 17 percent from the 2019 third quarter. Active player accounts also surge at 29 percent.
French Online Gaming Market Growth
The French online gambling market demonstrates a 25 percent growth from Q2. It is following the series of postponements and cancellations of events. Documenting its performance for the first three quarters of the year turns out to have risen 11 percent year-on-year to finish at €1.2bn.
Online poker has recorded yet another significant increase via a 36 percent revenue rise to €90m. This represents a drop from the €142m recorded during Q2. Although, there are no reports on other casino products such as the live dealer casino games revenue.
Regarding online sports betting, amounts wagers rose by 49 percent to reach €1.6bn. This volume of stakes corresponds to the highest amount recorded in a quarter for ten years. With the help of Parlay bet, the bettors are encouraged more to place their wagers on sports.
The segment thereof once again becomes the dominant activity in the online gambling market. Its recorded revenue of €228m as the average spend per player decreased by 22 percent to €104.
Focal Point of Bettor’s Activity
Football becomes the focal point of bettor’s activity, accounting for 64 percent of total wagered amounts exceeding €1bn. The Champions League final between Paris Saint-Germain and Bayern Munich has more than €31m wagers. It has become the second-largest single event following the 2018 FIFA World Cup final between France and Croatia.
The national horse racing scene also enjoys a strong quarter with betters staking €363m. It corresponds to the highest amount of stakes recorded in the segment during a quarter.
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