French Online Gambling Market GrowsPublished January 22, 2013 by OCR Editor
Figures released by online gambling regulatory authority show expanding demand
The regulated French online gambling market is continuing to grow, according to figures released earlier this week by ARJEL, the regulatory authority for online casino, poker and sports betting. To find more about online gambling in France, in French, visit Online Casino Reports France.
Yearly gambling growth
The entire market generated stakes of €9.4 billion in 2012, a one percent increase on the previous year. This growth took place despite the fact that customer deposits actually fell 3% last year and that there were 13 fewer gambling firms operating actively in the market.
Sports betting was the main contributor to French online gambling growth. Thanks to major sporting events like Euro 2012 (which France bombed out of in a quarter-final loss to Spain) and the 2012 London Olympics (France placed seventh on the medal tally), online betting stakes grew 19% to €705m.
Current state of play
There is still room for more growth, given that the French government and gambling authority are yet to issue all the licenses that they could. Some of the measures taken by France against online gambling providers operating without licenses are believed to violate European law.
Having said that, France at least took the step at the beginning of 2012 of initiating a series of reform that enable access to online gambling, betting and poker sites that are licensed by the national gambling authority ARJEL. One has to start somewhere, and French gamblers certainly have better access than residents of some neighboring European countries.