Online Betting in France Continues to Grow
The online gambling market in France is experiencing tremendous growth across multiple verticals. Results in the first quarter this year have been quite astounding.
ARJEL, the country’s gaming regulator, released the figures earlier this week. The published results indicate that online betting operators in the country took in wagers worth €847 million in the first 3 months. This is a 34% increase compared to the figures in 2017 for the same period.
The new figures have also set a record for online betting handle since the market became regulated in 2010.
Online betting revenue performed better, showing an increase of 55% compared to last year’s figures for the same period. Earnings were estimated to be around €147m, setting a quarterly record again. The high earnings have been attributed to sporting results that were favorable, bringing down the returns to players by 85%.
The number of bettors, on average, increased by 36%, bringing earnings to 462.5k. The increase has been attributed to attractive bonus offers, which came up to €19.6 million; an increase of 53%.
Growth in Active Player Accounts
The regulator stated that the growth has also been due to an increase in the number of active player accounts. However, it must be taken into consideration that a single player can have multiple accounts with multiple operators.
At the beginning of 2017, there were 1.5 million active accounts. However, as of now, there are 1.9 million active accounts. Most of the account holders are men. However, there has been an increase in the number of female gamblers as well.
There has been a 30% increase in the number of women-owned accounts, bringing the actual number to 222,000. In comparison, the number of accounts opened by men went up by a relatively lower 24%.
The increase in the number of female accounts is most noticeable in online sports betting; a 69% increase, which brought the figure to 134,000. As for male accounts, there was only a 42% increase.
Sports Betting Remains a Favorite
The segment that showed the fastest growth is sports betting, which saw a record-breaking handle of €847 million in Q1 alone. The number of accounts that took part in sports betting increased to 462,500 from 120,000.
Around 1.3 million accounts were found to be active at least once on sports betting sites during the period; an increase of 40% when compared to the figures in Q1 of 2017.