FDJ’s revenue up 7% for year’s first nine months
La Française des Jeux (FDJ) saw its revenue rise 7% year-on-year to €1.4bn ($1.5bn) during the first nine months of the year.
The operator said this growth was driven by a rise in stakes across all of its areas of operation.
Gross gaming revenue amounted to €4bn, a 7% increase.
Lottery remains the top taker for FDJ; stakes rose 6% to €10bn. In the third quarter, Euromillions and Loto accounted for 20% of FDJ’s total stakes.
Sports betting stakes were up 14% to €2.6bn, with three sports driving this momentum; tennis, football and basketball.
Online stakes continued to grow for the French operator, rising 38% to €2.4bn. FDJ has also paid €2.6bn in taxes so far this year, up 8%.
The group forecasts a “positive outlook” for 2019 and 2020. It expects player stakes to be up by over 7% by the end of the year and adjusted revenue totalling €2bn.
Lottery will remain its lead revenue generator with a total in excess of €1.5bn, while sports betting is expected to produce €370m.
Stephane Pallez, Chairwoman and CEO of FDJ Group, expects to see this momentum continue and referenced a new, stable regulatory framework that grants FDJ exclusive rights to operate lottery and sports as an important factor.
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