Online betting in France generates record revenue of € 1.74 billion in 2020

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Online betting in France generates record revenue of € 1.74 billion in 2020

Operators in the French online betting market generated revenues of € 1.74 billion in 2020, with a strong second half offsetting the stoppages at the beginning of the year.

The regulatory body, L’Autorité Nationale des Jeux (ANJ) celebrated the year of transformation, resulting in a 6.8% growth in sports betting revenue and € 940 million.

Despite the suspension of almost all live events in the first half of last year, bets have increased by 5.8% to € 5.35 billion, and active player accounts have grown by 30% compared to the results recorded in 2019.

“In many ways, 2020 was an extraordinary year and a turning point for the online gambling industry. It is a year of change and a record year in terms of activity levels ”, stated the ANJ.

The French regulator replaced ARJEL (National Gaming Authority) in the middle of the year, as a means of unifying the gambling and gambling industry regulation in a single body.

France’s online sector experienced historic moment

“Throughout 2020, the online market has shown very vigorous growth. The sector’s turnover grew by 22% in 2020 to reach € 1.7 billion, its highest level in one year since the sector’s opening ”, stated in the entity’s statement.

In addition, the problems at the beginning of the year were mitigated by a marked performance in the second half. In the fourth quarter alone, sports betting revenues increased 54.8% compared to 2019, reaching 356 million euros.

Poker was also on the rise in France. In the period ended on December 31, annual revenue jumped 64% to 446 million euros. While the number of accounts rose 53.1%, reaching 1.8 million players.