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France’s Sports Betting Revenue Increases in Q1 2019

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France’s sports betting market has recorded 51% year-on-year revenue growth for Q1 2019.

Locally licensed online operators generated combined revenue of €357m in the three months ending March 31. Active player accounts rose by one-fifth to 2.2m, while deposits were up one-quarter to €658m. Wagering revenue was up 51% to €222m, another all-time record, as the number of weekly active bettors spiked 42% to 655k.

Football remains the dominant wagering sport, capturing nearly €717m of Q1’s online handle. France’s Ligue 1 remains the most popular football betting product with €119.6m. Tennis ranked second on the overall handle chart with €250m, while basketball ranked third with €177m. Horseracing had a more modest quarter, with wagers up only 1% to €273m. Online poker revenue dipped 1% to €68m, virtually the only negative number in the Q1 report.

The ranks of weekly active female gamblers are growing faster than les hommes. Women still represent only one-eighth of all French online gamblers, but their numbers grew by 24% in Q1 while the men were up 19%.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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