France: renewal of online gambling industry as Skyrockets sports betting
France's National Gaming Authority (ANJ) said online gambling was growing well, with a 17% jump in the third quarter compared to a year ago.
Online gambling shows spectacular recovery, says ANJ
The French regulatory authority for the sector Games gambling Autorité Nationale des Jeux (ANJ) announced an impressive recovery in the domestic gaming market, with 49% more active in terms of plants w third quarter , o values 1.6 billion . Despite the pandemic, French operators rebounded and recorded 17% increase revenues in the third quarter year on year.
ANJ reported that online gambling turnover in the first three quarters of 2020 increased by 11% w compared to the previous year, achieving 1.2 billion .
The ANJ said the "spectacular recovery" in the gambling market is largely due to the growth of online sports betting in with games resuming in the summer. W third quarter number active player accounts increased by 37% . The French online market has suffered from pandemonium, with multiple blockades, rescheduling or cancellation of games. However, in Q3 increased by 25% versus with the previous quarter .
Football boosts betting, horse racing and online poker reports rise
The total value of online sports betting amounted to 1.6 billion , which is the highest amount recorded in the last 10 years. However, gross receipts generated by operators reached only 228 million euro because the players spent less at average expenditure of EUR 104 which means decrease o 22% .
Football match betting increased by 89% , z 1.02 billion betting. About 64% of all sports bets came from football, as the final Leagues Champions between Paris Saint-Germain i Bayern Munich was placed above EUR 31 billion . It's the second biggest game after the final FIFA World Cup 2018 z France i Croatia .
Horse racing betting began again May 11 and racing at the horse track resumed without an audience and more money was reported to be spent per player. The bettors placed 363 million euro to the horse races this quarter.
Marketplace online poker also saw growth, with more players and 36% increase revenues in the third quarter do 90 million euros .
ANJ requires operators to focus on player protection
Since most new online players are in 18-24 years old , ANJ President, Isabelle Falque-Pierrotin, said the entity expects gambling operators to expand their customer protection measures asking for more responsibility from the industry.
"Indeed, unlike the first lockdown, the offer of sports and horse betting is widely available and this situation may provide a breeding ground for the development of excessive or risky practices for those weakened by this unprecedented context," - She added.
Mrs Falque-Pierrotin also asked the French Government to give ANJ the administrative power to combat illegal online gambling more effectively and thus avoid systematic processes judicial.