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French Online Gaming Revenue Grows 22% in Q1 2020

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5 years ago

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French Online Gaming Revenue Grows 22% in Q1 2020
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French regulator ARJEL has published the Q1 2020 results. According to the figures released by the regulator, online gaming revenue for Q1 2020 grew 22% year-on-year. Gross gaming revenue (GGR) up to 31 March rose to €435m ($491.9m). Poker amounted for 23% of total GGR, up 4%, while sports betting represented 60%, down 2%.

Poker GGR grew 44% to a record €98m, with nearly 30% of revenue generated in the last two weeks of the quarter after the suspension of live sport, which saw poker activity rise 180%. Weekly average players also grew, increasing 37% to 374,000.

Sports betting GGR rose 18% to €263m; however, wagers were down 4% to €1.22bn, the first decline in nine years, which was due to French Ligue 1 and 2 being suspended on March 13, eventually cancelled in late April.

Since the suspension, sports bets were down 40% and while average player accounts increased 2% to 655,000 for Q1, only 220,000 were active in the last two weeks of March.

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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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