France’s Online Gambling Market Is Stronger Than Ever

The online gambling industry in France has only been regulated since 2010. It’s seen steady growth since that time, particularly in the past two years. France’s online gambling market is now stronger than ever. Could this country soon become the online gaming hub of Europe?

France continues to implement some of the highest online gaming tax rates of any European country. They still prevent many forms of online gaming, yet the massive increase in revenue may push them to change their ways.

Online Gambling Explosion in France

Historically speaking, almost all forms of online gambling have been banned in France. After pressure from citizens and gaming operators, the government here decided to open up the market. In 2010, France passed a Gambling Act that opened the possibility for a number of different internet gambling activities inside the country.

Under the French Gambling Act, sports betting, online poker, and horse race betting became legal. Many of the most popular online gambling sites in Europe were finally able to receive a license to operate inside France. Before long, millions of people here were placing bets online.

Reports are now coming out that France’s online gambling market set growth records last year. Online gambling revenue increased by 56% from 2017 to 2018.

It’s a great sign for the gaming market here. More people in France are making wagers online than ever before. One gambling market is earning the government millions in revenue.

Sports Betting Dominates France’s Online Gambling Market

As we mentioned earlier, only a few forms of online gambling are actually legal inside France. In 2018, sports betting was more popular than ever here.

This form of gambling is directly attributed to the massive revenue increase for France’s online gambling market. According to multiple reports, more than €1 billion was placed on sports bets during the final three months of 2018. Football betting rose by 54% during the year’s fourth quarter to €663 million.

Basketball came second at €162.7 million. Tennis was third in overall sports betting during last year’s fourth quarter at €111.4 million. Surprisingly, volleyball was the biggest earner in terms of relative percentages with €18.8 million, an increase of more than 50% from the same time the year before.

Most analysts credit the 2018 FIFA World Cup for the massive increase in sports betting. The fact that sports betting revenue continued to increase during 2018’s final quarter shows that World Cup bettors stuck around and continued to place wagers.

Online poker grew by 11% overall last year, while horse race betting fell by 1%.

France Wants to Ensure the Growth Continues

The French government must be celebrating an increase in gambling revenue. The market here is clearly growing, and officials want to ensure that growth is sustained. The ARJEL (France’s online gaming regulator) has warned that the market is still “fragile.”

France continues to implement some of the highest online gambling taxes of any European country. Gaming companies operating here are paying nearly 6% of turnover. Lawmakers here are considering lowering these taxes in order to become more competitive with other countries in Europe.

The massive spike in revenue here may also push the French government to reconsider their laws on casino gaming. Online casino gambling is extremely popular throughout most of Europe. A regulated internet casino market would likely earn the government millions in additional revenue every year.

France’s online gambling market continues to grow. Do you think 2019 will be just as successful for gaming companies here? Will France allow online casino gambling soon? Let us know what you think in the comment section below!

Kevin Oldroyd

A longtime sports and gambling enthusiast, Kevin looks to present up-to-date and reliable information for readers. If he’s not writing, he’s probably watching MMA or playing blackjack.

Recent Posts

Sports Betting Bill Gets Approval From Ohio House Committee

In a big move towards legalizing sports betting for the state of Ohio, the House Committee has gone ahead and…

May 30, 2020

The Launch of D.C. Lottery’s Sports Betting Could Be Just Days Away

As we approach the end of the month it looks like the D.C. Lottery may be gearing up to make…

May 29, 2020

Legalized Sports Betting Takes Another Step Forward in Louisiana

The odds of Louisiana legalizing sports betting just got a lot better as both chambers of the Legislature decided that…

May 27, 2020

NASCAR Is Thinking Global with Its New International Sports Betting Deal

While there are several sports leagues trying to lobby for legalized sports betting in various states, it looks like NASCAR…

May 26, 2020

Odds Improve for Legal Sports Betting In Louisiana

The effort to legalize sports betting passed the Senate and is now on its way to the House where it…

May 21, 2020

New York State Senator Continues to Push for Mobile Sports Betting

For those in New York State who were left feeling less than impressed with the amount of online sports betting…

May 19, 2020