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French regulator ARJEL has published the Q1 2020 results. According to the figures released by the regulator, online gaming revenue for Q1 2020 grew 22% year-on-year. Gross gaming revenue (GGR) up to 31 March rose to €435m ($491.9m). Poker amounted for 23% of total GGR, up 4%, while sports betting represented 60%, down 2%.
Poker GGR grew 44% to a record €98m, with nearly 30% of revenue generated in the last two weeks of the quarter after the suspension of live sport, which saw poker activity rise 180%. Weekly average players also grew, increasing 37% to 374,000.
Sports betting GGR rose 18% to €263m; however, wagers were down 4% to €1.22bn, the first decline in nine years, which was due to French Ligue 1 and 2 being suspended on March 13, eventually cancelled in late April.
Since the suspension, sports bets were down 40% and while average player accounts increased 2% to 655,000 for Q1, only 220,000 were active in the last two weeks of March.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: French Online Gaming Revenue Grows 22% in Q1 2020
