French betting rides high following Euros and Olympics

Betting Business, Euros, Olympics, France, ARJEL, sports-betting
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Figures released by France’s national gambling regulator ARJEL indicate that sports-betting revenues soared by 45 per cent in the three months ended June 30, reaching a record high of E91m.


[dropcap]T[/dropcap]he last three weeks of June saw France host the UEFA Euro 2016 tournament – which proved a substantial boon to French bookmakers. ARJEL claims that throughout the duration of the European championship, 17 per cent of all wagers were placed on the competition. Meanwhile, football bets comprised 57 per cent of all sports-betting wagers throughout the quarter.

The co-incidence of the Olympic Games in Brazil also helped to drive betting spend. French-licensed operators took E33.9m in handle as a result of the games: up markedly on the E19.2m they saw during the 2012 London Olympics.

Overall, net GGR in France, inclusive of casinos and other gambling service providers, was up by 73 per cent on a like-for-like basis: to E585m.

ARJEL’s stats weren’t rosy across-the-board, however. French poker takings were down 2 per cent on their Q1 performance, whilst horse-racing handle continued a trend of decline – down 12 per cent on the 2015 comparative.

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