Latest results have reconfirmed the declining trend of online poker in France. The nation’s gambling regulator ARJEL released the results for the quarter ending Sept 30 which showed a slump in poker cash games although other segments saw encouraging results.
Online sportsbooks registered revenue of €448 million in the third quarter which was an increase of 50 percent over same period last year. Two major sports events which was the Rio 2016 Olympics and the UEFA European Championship helped boost revenue.
However this revenue was lower than what was recorded previous quarter, when a record of €585 million was registered, a 75 percent increase over same period in 2015. The sharp rise was attributed to extensive betting for UEFA Euro Championship which had been hosted by France in July of this year.
Revenue for online sports betting was at €87 million during this Sept. 30 which was a rise of 40 percent year-on-year over 2015 but was a drop from the €91 million seen in the second quarter of the year.
Football saw the most interest with 58 percent of the revenue coming from the game. Tennis followed with 27 percent of all betting income coming from it. The ARJEL data shows a rise in number of people betting on games as the latest quarter had 239,000 active bettors which was a hefty increase of 45 percent from same period last year.
Online poker on the other hand showed a 3 percent decline, amounting to €54 million in the third quarter of 2016. Revenues clocked from online poker tournaments were €31.2 million which was a marginal rise from the €31 million reported previous year for the same period. Tournament stakes went up by 0.4% year-on-year reaching €430 million. The number of players playing poker in France dropped by 5 percent and now stands at 211,000.
Cash game revenue saw a sharp decline of 9 percent over last year and fell to €21 million. Total stakes from cash games was at €817 million, a fall of 2 percent over same period in 2015. Active players for this segment were at 121,000, which was a year-on-year decline of 8 percent.
This small growth witnessed in online poker tournaments is the first report of growth since the French gaming market came under regulation in 2010. Since then, as a result of stringent regulation, heavy taxes and prices, the online poker market in the country has been reeling under poor liquidity and revenue growth. In a bid to counter this decline France along with other European countries is attempting to create shared player liquidity to give online poker a much needed boost.