Sports betting fuels France’s record €617M Q2 online gambling revenue

Sports betting fuels France’s record €617M Q2 online gambling revenue

Article brief provided by Gambling Insider
  • Dominic Marius-Markham, Gambling Insider
October 18, 2021 10:25 PM
  • Dominic Marius-Markham, Gambling Insider

France’s iGaming sector has posted a record €617m ($716m) turnover for Q2 2021, driven primarily by sports betting.

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According to the country’s gaming regulator, L’Autorité nationale des jeux (ANJ), sports betting brought in €420m for the second quarter, totalling 68% of online gambling revenue to reclaim its role for a second time this year as the top vertical.

The volume of sports betting stakes dipped below Q1’s record-setting €2.2bn sum to €2.15bn, with the 2020 UEFA European Football Championship and the French Open having an undeniable impact on player’s behaviour during both periods.

In fact, bets on these competitions represented 22% of Q2’s activity, with €434m worth of online transactions taking place during the Euros alone.