French Gambling Industry Hits Record €13.4 Billion in Revenue for 2023

The French gambling industry hit a record €13.4B GGR in 2023, driven by online sports betting. However, regulators warn operators to prioritize responsible gambling amid market growth.

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French Gambling Industry Hits Record €13.4 Billion in Revenue for 2023

French Gambling Industry Hits Record €13.4 Billion in Revenue for 2023

The French gambling industry reached new heights in 2023, with the Autorité Nationale des Jeux (ANJ), France's gambling authority, reporting a record total gross gaming revenue (GGR) of €13.4 billion. This represents a 3.5% increase compared to the previous year, marking the highest level of activity ever recorded in the sector.

All market segments in France experienced GGR growth for the first time since 2019, although the 3.5% overall increase was slightly behind the European average of 5.5%. The online gambling sector performed particularly well, with its GGR reaching €2.3 billion, a 7.2% year-on-year rise. Online sports betting emerged as the most invested segment, accounting for 63.3% of the total online GGR.

The two state-owned operators, La Française des Jeux (FDJ) and Pari-Mutuel Urbain (PMU), also saw growth in 2023. FDJ's GGR reached €6.6 billion, up 1.8% from 2022, while PMU experienced a similar increase. The casino sector set a new record as well, with a GGR of €2.7 billion, an 8.1% increase from the previous year. Slot machines contributed over 80% of the casino GGR.

Why this matters: The record-breaking performance of the French gambling industry in 2023 highlights the sector's resilience and growth potential, even amidst economic challenges. As the industry continues to expand, particularly in the online space, regulators and operators must prioritize responsible gambling measures to protect vulnerable players.

Despite the positive financial results, the ANJ advised operators to be "particularly attentive" to player behavior and to prevent problem gambling, especially among vulnerable groups. This warning comes ahead of major sporting events like the UEFA European Football Championship and the Olympic Games, both set to take place in France in 2024. ANJ President Isabelle Falque-Pierrotin emphasized that "demanding regulation is not a brake on development" and that the healthy state of the market makes the objective of reducing problem gambling all the more relevant.

Looking ahead, the French gambling industry is positioned for further growth, driven by the increasing popularity of online gambling and the anticipated boost from upcoming international sporting events. However, as the market expands, the ANJ and operators will need to work together to ensure that robust responsible gambling measures are in place to protect players and maintain the industry's long-term sustainability.

Key Takeaways

  • French gambling GGR reached a record €13.4B in 2023, up 3.5% YoY.
  • Online gambling GGR grew 7.2% to €2.3B, with sports betting as the largest segment.
  • State-owned operators FDJ and PMU saw GGR growth, while casinos set a new record.
  • Regulators urged operators to prioritize responsible gambling amid industry expansion.
  • Further growth expected, but with focus on protecting vulnerable players.