Lockdown impact felt across sector, but France igaming wagers still rose 22% during Q1 2020 >2020>June>News>Lockdown impact felt across sector, but France igaming wagers still rose 22% during Q1 2020 Post published: 12/06/2020 Post category: News The French online betting and gaming industry recorded €435m in total stakes across the regulated verticals of online betting, poker and horse racing pari mutuel during the first quarter of 2020 (1 January-31 March), an annual rise of nearly 22%. Sports betting performed strongly until the lockdown was implemented on 17 March. Stakes had risen 11% during January and February and gross win was up 48% at the end of February, ARJEL said, but then dropped 40% during March because of lockdown and the cancellation of all sporting events. Online betting gross win was up 18% to €263m, the figure was helped by favourable sporting results. Sportsbooks recorded stakes of €1.2bn during the period, a drop of 4.4% on the same period in 2019. It is the first time in nine years that quarterly stakes have dropped in France, although the vertical’s €263m gross win total was the highest ever recorded since igaming regulation in 2010. Online poker gross win increased 44% to €98m during the first quarter, driven in part by increased activity once the country had gone into lockdown. Cash games were up 24% to €28m on 2019 figures and tournament gross win was up 54% to €70m. Online horserace betting gross win and stakes were up 10% on an annual basis to €74m and €300m respectively. Margins for brands like PMU and ZEBet were up two points to 25%, from a payout ratio of 76.6% compared to 78.4% in Q1 2019. Bonuses were down a whopping 54% to €4m, compared with €9m in the same period in 2019. Football, tennis and basketball are the sports French players bet on the most. Sportnco’s runs the biggest B2B betting network in France, with clients such as NetBet, ZEBet, JOA Groupe and Genybet. Read more articles Previous Post Inside Sportnco: “Listening to our clients is the biggest lesson we have taken from our first 10 years,” David Bonnefous Saavedra, Head of Sales Next Post BETGENIUS PROPELS SPORTNCO INTO MULTI-PROVIDER MODE YOU MIGHT ALSO LIKE Sports betting retains top spot in France as Sportnco powers 15% of the market 30/11/2020 Sportnco powers Betway.fr for France launch 23/07/2021 Sportnco goes live in the US with SuperDraft Free SportsBook App 26/03/2021 > 425 rue Jean Rostand 31670 Labège France > Rambla Catalunya, 60 08007 Barcelona Spain Opens in a new tab Opens in a new tab Opens in a new tab Copyright [Sportnco] - 2020 We use our own and third-party cookies to be able to execute our services, and to show you advertising related to your preferences. You can get more information in our Cookies Policy. You can accept all cookies by pressing the "accept" button, or reject their use by pressing the "reject" button. ACCEPT REJECT