Sports betting and igaming push revenue up at France’s FDJ in first nine months

Sports betting and igaming push revenue up at France’s FDJ in first nine months

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
October 22, 2023 12:56 PM
  • Robert Fletcher, iGaming Business

French national lottery operator Française des Jeux (FDJ) said growth in its sports betting and igaming business pushed revenue up 3.9% to €1.88bn ($1.99bn) during the first nine months of 2023.

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Updating the market, FDJ reported strong growth in the nine months to 30 September. This reporting period covers the first, second and third quarter of the operator’s 2023 financial year.

Lottery remains by far FDJ’s primary source of revenue, with the business generating €1.41bn in the period. However, this was 1.2% lower than in the previous year, with draw stakes also down 6.0%.

FDJ says that this was partly due to a reduced number of high EuroMillions jackpot draws compared to last year.