The French National Gaming Authority (ANJ) has published revenue data for the year 2021 revealing that the country’s licensed gambling operators recorded €10.7 billion ($11.5 billion) for the year.
Online sports betting GGR increased by 44% year-on-year
ANJ cited an ‘enthusiasm for online sports betting’ as the key driver of online gambling revenue as mobile sports betting companies recorded €1.3 billion ($1.39 billion) in gross gaming revenue (GGR). This was an increase of 44% on the previous year as online sportsbooks accepted over €7.89 billion ($8.46 billion) in wagers throughout the year, up 47% from 2020’s figures.
French Gambling Industry GGR Grows by 7% Thanks to Surge in Online Sports Betting French Gambling Industry GGR Grows by 7% Thanks to Surge in Online Sports BettingHowever, while online sports betting and online gambling in general enjoyed positive returns, the land-based casino industry didn’t fare quite so well. The casino industry reported GGR of just €1.08 billion ($1.15 billion) up until October 31st. This represents a drop of 41% year-on-year.
The report noted that:
“From a longer-term perspective, the gambling market has increased since 2017. The overall GGR has thus increased by almost 7% since 2017, from €10bn to around €10.7bn.
French Gambling Industry GGR Grows by 7% Thanks to Surge in Online Sports Betting
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.