FDJ hit hard by tax hikes in 2025, as Kindred chief exits

Thursday, February 19, 2026 6:25 PM
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  • Robert Fletcher, iGaming Business

FDJ United was hit hard by increased taxes in 2025, with the majority of its business units reporting a dip in revenue from the previous year. Its Kindred business, reported as online betting and gaming, saw gross gaming revenue drop 13.5% during the year, while total revenue for the segment also fell 11.8% to €908 million [$1.07 billion].

French lottery and retail betting was the only segment that reported growth for the 12-month period, while international lottery and payments decreased by 10.7% and 3.9% respectively.

More broadly, the group reported a 0.8% year-on-year increase in restated GGR to €8.7 billion ($10.28 billion). The restated figure reflects combined Kindred and FDJ data throughout the year.