French Gambling Industry Achieves Record €13.4 Billion Revenue

The French gambling industry reached a new milestone in 2023, with gross gambling revenue (GGR) hitting a record high of €13.4 billion ($14.34 billion), according to a report by the French National Gaming Authority (ANJ). This represents a 3.5% increase from the previous year, with growth seen across various sectors, including casinos and online gaming.

Operators with exclusive rights, such as Française des Jeux (FDJ) and PMU, continue to dominate the industry, accounting for over half of the total business. FDJ alone set a new record with a GGR of €6.6 billion, up 1.8% from 2022, and saw a 6% increase in players to 27 million. PMU's horse betting business also grew, returning to its 2019 level.

The online gambling market experienced significant growth, with revenue increasing by 7.2% compared to 2022, reaching €2.3 billion. Sports betting, online poker, and online horse racing were the leading verticals in this sector. The number of unique online players increased in all segments except sports betting.

Why this matters: The record revenue in the French gambling industry highlights the sector's resilience and growth potential, even in the face of economic challenges. As the industry continues to evolve, with a focus on responsible gambling practices, it functions as a model for other countries looking to balance revenue generation with player protection.

Despite the robust performance, the ANJ remains committed to ensuring responsible gambling practices and has demonstrated its willingness to take action against operators that do not meet its strict standards. The regulator warned operators to be particularly attentive to player behavior during upcoming major sporting events, such as the Euro 2024 football tournament and the Paris Olympic Games.

"Demanding regulation is not a brake on the industry's development," the ANJ stated, emphasizing that the growth makes the objective of reducing the number of excessive gamblers more relevant. As the French gambling industry continues to thrive, the authorities remain focused on nurturing a safe and sustainable environment for players while capitalizing on the sector's economic potential.

Key Takeaways

• French gambling industry GGR hit a record €13.4B in 2023, up 3.5% YoY.
• Operators with exclusive rights like FDJ and PMU dominate the market, accounting for over 50% of GGR.
• Online gambling revenue grew 7.2% to €2.3B, driven by sports betting, poker, and horse racing.
• Regulator ANJ remains committed to responsible gambling, warning operators ahead of major events.
• Growth in the industry highlights its resilience, but authorities aim to balance revenue and player protection.