Another European regulatory body has released numbers covering this year’s second-quarter gaming results. Aside from the Portugese online gambling revenue news, this time, France’s new gambling regulator Autorité Nationale des Jeux has released its data, indicating that France’s online poker industry has seen skyrocketing results amidst slumping online sports betting numbers.
Figures released by the regulator show that in the span of 3 months, covering April to June 30, locally licensed online gambling operators have raked in revenue numbers amounting to £287.31/ €323m. This represents a 6% decline from last year’s Q2 quarter and a nearly 26% decline from Q1 2020.
As with most gambling markets, France’s sport betting industry revenue numbers took a major hit due to the COVID-19 related suspension of major sports leagues. Betting revenue was down 56% to £83.61 / €94m as wagering turnover decreased by 57% to £456.32 / €513m. During this time, betting activity fell by 33% to just under 1.1m. As with other betting markets during the pandemic, French bettors also turned towards other markets for sporting events. They turned their attention towards Belarusian football, which was continuing despite the lockdown, resulting in an overall betting turnover of 87% about £396.19 / €445.4m, up from an average 55-60% in previous quarters.
With the majority of sports league closures, online poker uptake has increased as its revenue rocketed up 126% to £126.31 / €142m, the largest gain in France’s regulated market. This is also a significant increase over Italy’s overall Q1 poker revenues of £87.17 / €98m. During this uptrend, poker sites took advantage of the trend boosting bonus offers by 88% over last year’s numbers to £23.13 / €26m. The regulator has also lauded the results as the most significant increase recorded over a quarter as player statistics also show that active players rose by 68% to 1.06m. The data also revealed that the average spending per active player has increased by 24% to £119.19 / €134, compared to £88.06 / €99 in Q2 2019. 44% of the overall Q2 revenue is generated by online poker, an increase of 20% compared to Q2 2019.
The regulator’s data also revealed that gains were the highest in April, during the initial phase of the pandemic lockdown, as online poker stake numbers spiked by 222%. Though gains have slowed down due to the lockdown’s easement, the regulator has accounted for a 50% revenue gain over last year’s Q2 numbers.
In line with the data, France’s regulator has asserted that the sports betting sector has been the one most affected by the pandemic and that with mass sporting events on hold due to the circumstances at hand, its predecessor, ARJEL, has added extra competitions to allow operators to maintain sports betting offers while major sporting events are suspended.
The data also covered horse racing betting. It has revealed that horse betting stakes rose by 35% year-on-year to a record £322.00 / €362m while horse racing revenue has risen by 33% to £78.28 / €88m. These figures represent gains not seen since the market’s regulation launch back in 2010.