Online Sport Betting Generates 60 Percent in France

25 May 2013 – By Jane Spiegel

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France is one of the most important online gambling markets in the European Union. The online casino industry in this country has evolved and consolidated over the years and in present is one of the most mature on the continent. In a recent statement, France’s online gambling regulatory chief, Jean Francois Vilotte, said to a French newspaper that sports betting, mainly on football, now generate 60 percent of the wagering action in France. Football wagering helped online sports betting revenues rise 20 percent to 63.4 million euro. On the other hand, online horse racing rose 3 percent to 103 million euro and according to the regulator, this activity tapered off in recent weeks. But not all the areas of the online casino market registered positive numbers. For example, online poker cash games have delivered lower gross profits for the 12 month period to May 2013 and were down 14 percent to 61.2 million euro. Despite the figures, tournament fees have remained stable at 41 million euro.

French online gambling regulator once again called for lower taxes in the online casino industry and suggested the current taxation based on wagers placed be replaced by one of gross gaming revenues. The appeal will be supported by many operators as this decision could make the business a more attractive proposition for operators. Vilotte says the French online gaming industry has well and truly established itself and made a comparison with the Italian market. So, gross gaming revenues for the sector were 188 million euro in the first quarter in the French market and in Italy there were only 145 million euro. If the Italian online gambling sector dropped 14 percent, the one in France was down only 1 percent.

The online casino industry in France has consolidated over the years but this fact does not mean all countries in the European Union have managed that. Despite the fact there had been some discernible progress on harmonization of regulations in European Union nations, there is a long way until this process if finished. Until then, online casino enthusiasts can benefit from premium services offered by operators in many regulated European markets.

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