FDJ reports 10.8% increase in turnover for first half of 2024
FDJ reports 10.8% revenue rise in H1 2024, driven by lottery, sports betting and digital growth.
La Française des Jeux (FDJ) has announced its financial results for the first half of 2024, reporting a turnover of €1,43bn ($1.5bn), a 10.8% increase year-on-year.
FDJ’s gaming activities in France recorded a turnover of €1.3bn, marking a 7% rise. The lottery segment contributed significantly to this growth with a turnover of €1bn, representing a 5% increase driven by strong performances in instant games and draw-based games.
Sports betting and competitive online gaming saw a 14.5% rise, amounting to €294m, boosted by favourable sports results.
Digital activities exhibited notable growth, with turnover increasing by 39.8% to €201m, largely due to the acquisitions of PLI and ZEturf. This surge elevated the share of digital activities to 15% of total turnover. Point-of-sale turnover also grew by 8%, with a 3% increase within France.
FDJ’s current EBITDA for the first half of 2024 was €370m, up 23.5%, resulting in a margin of 25.9%. Adjusted net income stood at €235m, marking a 28% increase. FDJ reaffirmed its 2024 objectives, targeting an 8% increase in total turnover and a 5% rise in gaming activities in France.
Lottery turnover increased by 5%, reaching €1bn, supported by the success of games like Ticket d’Or and Maxi Black Jack. Draw games also performed well, with EuroDreams and Euromillions attracting significant interest.
Sports betting and online gaming turnover grew by 14.5% to €294m, despite lower-than-expected bets on the Euro football. Online activity showed a 28.3% increase on a comparable scope basis, benefiting from the popularity of ParionsSport and poker.
Turnover from international operations and payment services rose to €129m, up 72%, largely due to the integration of PLI.
A public takeover offer for Kindred is currently in progress, with regulatory approval from the French Competition Authority being the final requirement. This acquisition is expected to enhance FDJ’s international and online gaming capabilities.
FDJ’s first-quarter results for 2024 showed a 7% increase in total revenue to €710m, with significant growth in gaming and other activities.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
