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French Gambling Industry GGR Grows by 7% As Growths is Accredited To Online Sport Betting

anj
French Gambling Industry Gross Gaming Revenue (GGR) Grows by A Whopping 7% As Growths is Accredited To Online Sport Betting
Image Source: ANJ site

The gambling industry and experts are always happy whenever they record an increase in their revenue.


The French National Gambling Authority ANJ saw itself in this as they published the country’s gambling revenue data for the year 2021 which reveals that the country’s licensed gambling authority recorded €10.7 billion amounting to $11.5 billion for the year ending 2021.

Analyzing the report shows that the pandemic forced several restrictions on retail gambling sectors that saw a serious drop in their revenue for the year 2020. Although, the industry shift to carrying out online gambling products and services along with the reopening of a few land-based facilities saw an increase in its revenue by 7% for the year 2021.

 

The French National Gambling Authority spotted an enthusiasm for online sports betting activities as the key to driving massive traffic to the online gambling sites which significantly increased its gambling revenue as mobile sports betting companies recorded €1.3 billion amounting to $1.39 billion in gross gaming revenue GGR for the year.

This height was achieved by an increase of 44% on the previous year as online sportsbooks accepted €1.3 billion amounting to $1.39 billion in wagers throughout the year-round and up 47% from the previous year’s figures.

 

The France base two monopoly operators, La Francaise des Jeux also called FDJ and Pari-Mutuel Urbain also called PMU was shockingly responsible for the more than 61% of 2021 overall gross gaming revenue GGR achieved.

Francaise des Jeux led the market with over €5 billion amounting to $5.36 billion in revenue, this is up by 16% from the previous year’s revenue. While Pari-Mutuel Urbain was reported to have attained €1.6 billion amounting to $1.71 billion in revenue, the increase is by 14% from the previous year (year-on-year).

 

Notwithstanding, both operators have shown similar growth in the year 2021, and it can be seen that Francaise dex Jeux gross gaming revenue GGR exceeded its 2019 pre-pandemic levels and Pari-Mutuel Urbain PMU actually generated less in revenue in the year ending 2021 than its previous year 2021

But, while online sports betting and online gambling, in general, enjoyed positive returns in the year 2021, the land-based casino industry didn’t surprise us much as online gambling has taken over the industry.

 

The casino industry also reported a gross gaming revenue GGR of about €1.08 billion amounting to $1.15 billion as we have even up to the 31st of October. This shows a drop of 41% by the year 2021 as reported by the authority.

From the report we can infer that:
From a long-term perspective, the gambling industry and market have increased drastically since 2017. And the overall gross gaming revenue GGR has also increased by almost 7% since 2017 from 10 billion to 10.7 billion.

 

This progress is clearly driven by the online gambling activities introduced by the authority, more respectively the online sports betting and casinos. From this, at the year-end of 2021, the turnover of the overall online market represented approximately 20% of the gambling sector’s overall turnover, compared to 9.5% in the year 2017

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