French iGaming turnover declines as growth stabilises

France’s iGaming sector saw its turnover reach €444m ($503m) for Q3 2021, signalling a return to pre-Covid levels after record-breaking performances for the previous two quarters

France’s iGaming sector saw its turnover hit €444m ($503m) for Q3 2021, signalling a issue to pre-Covid levels after record-breaking performances for the previous II quarters.

The country’s National Gaming Authority (ANJ) reported a pronounced wane in carrying into action from Q2 and Q1, which saw its turnover go up to unexampled heights. But for the latest three-month period, activity was down, with 2.2 jillion combat-ready participant accounts versus 3.3 meg inward Q2.

Likewise, sports betting stakes experient a similar decrease, amounting to €1.6bn, a 25% go down from Q2’s €2.15bn. The ANJ attributes this free fall to the UEFA European Football Championship and Yedo Olympics, which helped ride the previous deuce quarters’ sports betting activity to remarkably in high spirits levels.

Sports betting stakes for Q3 2021 were regular at a lower place the prior-year period’s, but past a to a greater extent modest 1%. However, the thirdly quarter of 2020 was punctuated past two major sporting events that would ordinarily make taken put inwards Q2.

Online betting on Equus caballus racing also declined, with stakes totalling €363m, a 9% year-on-year decrease. In addition, this also represents a declination from Q1 and Q2, which saw €481m and €400m respectively.

Moreover, activity for online fire hook was also knock down from the previous billet past 7%, but remained significantly higher than in 2019.

For the third quarter, the ANJ stated: “The online gambling market place is pronounced past a stabilisation of ontogeny of the activity inward the tertiary billet of 2021.

“The turnover reached €444m, after the put down performances recorded inward the world-class and secondly quarters. This growth is at a really luxuriously spirit level when we occupy 2019 as the source quarter.”

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