France’s gambling industry has seen a record-breaking year in 2023, with the country hitting an all-time high in Gross Gambling Revenue (GGR). The casino news has been met with excitement and anticipation for what the future holds for the industry.
The French gambling industry has reported a GGR of €11.3 billion in 2023, marking a 10% increase from the previous year. This surge in revenue can be attributed to the growing popularity of online casinos, sports betting, and the reopening of land-based casinos after the COVID-19 pandemic.
One of the key drivers of this growth has been the rise of online gambling. With more and more people turning to online platforms to satisfy their gambling needs, the GGR from online casinos has skyrocketed to €3.5 billion. This represents a 15% increase from the previous year and showcases the shifting landscape of the industry towards digital platforms.
In addition to online gambling, sports betting has also seen a significant increase in revenue. With the return of live sports events and the popularity of betting on major tournaments such as the World Cup and the Olympics, the GGR from sports betting has reached €4.2 billion in 2023. This marks a 12% increase from the previous year and highlights the enduring appeal of sports betting among French consumers.
The reopening of land-based casinos has also played a crucial role in boosting the industry’s GGR. With restrictions easing and people eager to return to their favorite casinos, the GGR from land-based casinos has reached €3.6 billion in 2023. This represents a 9% increase from the previous year and signals a promising recovery for the sector after a challenging period during the pandemic.
Overall, the record GGR for France’s gambling industry in 2023 bodes well for the future of the sector. With online gambling, sports betting, and land-based casinos all experiencing growth, the industry is primed for further success in the coming years. French gamblers can look forward to more exciting developments and opportunities in the ever-evolving world of gambling.
