Sports Betting in France Reports Huge Growth
Last updated on November 16th, 2018 at 06:41 am
Sports betting in France has never been better – or more profitable. France’s regulator for online gambling, ARJEL, has the latest numbers on this. Of course, when talking about sports betting for 2018, the FIFA World Cup is a major contributor to the rise in numbers. In the case of France, it’s the biggest increase they have seen in 8 years.
Licensed operators, for 2018, have a total handle of €995 million for a three-month period that ends in September. It is a bit lower than Q2 at €1. 002 billion. But when you compare it to the numbers from Q3 for 2018, it has a large year-on-year growth at 81%. This is the largest increase in handles since the sports betting market was regulated in 2010.
Sports Betting in France – The Details
Looking at the numbers of Q3, in 2017, the revenue for sports betting was lower by 40%, with €149 million for 2018. Meanwhile, average weekly sports has an increase of 84% at 553,000. This is largely due to the World Cup. (particularly the second half of the tournament).
Looking at the numbers on the FIFA World Cup, all of the 14 matches of France since July is at €163.7 million. This is around 16% of the total handle from Q3. If you want to know how to get a piece of the pie, you can read on how to be a successful bookie and get started. You should also keep track of major sporting events, especially football, as the best way to be an online bookie is to know the sports events well.
Aside from Football, Tennis is also a major sport that bettors were active on. In fact, Wimbledon was held around the same time as the World Cup – and held well, despite the competition in sports events and audience/bettors share.
