French Online Gaming Tax Poses Heavy Burden

arjel

French regulatory body showcases betting vertical up 23% to €633m on Q1 2016 and calls for revamping of tax on stakes.

ARJEL's first quarter figures indicated that online sports betting sales rose by 23% on the same period in 2016 to reach a record €633m, with a stark rise in the number of female punters one of the stand out statistics of the report.

The latest figures for online betting are the highest ever recorded in France and are much higher than those achieved by site operators in the opening year of regulation.

France’s regulator also added that the introduction of new online poker variants had enabled the vertical to comment on the decline in activity, while other activities such as the opening of European liquidity among regulated poker rooms should also help maintain the vertical.

Online horse racing figures dropped, with revenue down by 4% to €61m year-on-year. Demographic differences were evident, with 79% of French race bettors being 35 years of age or older and 68% of sports bettors being below the age of 35 years.

Online poker sales mushroomed by 3% year-on-year to €64m.