French Online Poker Up 11% to €58m in Q3

French Online Poker Up 11% to €58m in Q3In the third quarter of 2017, France’s online poker market saw its revenue increase by 11% to €58 million, representing its strongest year-on-year growth for almost six years. In the meantime, the country similarly noted impressive growth in other areas of its gambling industry, including its important sports and horseracing wagering sectors.
Online Poker
For the three-month period ending September 30th, poker cash game revenue increased by 5% to €22.1 million, while for poker tournaments revenue rose by 14% to €35.7 million. Furthermore, poker activity also improved by 8% to 228k during Q3, despite the amount of money spent by operators on bonuses contracting by 9% to €11.9 million over the period.
The latest quarterly poker results mark the first time both cash and tournament poker revenues have risen simultaneously since 2011, and may indicate a more bullish attitude towards online poker in anticipation of some of Europe’s major poker markets gearing up towards sharing liquidity next year.
While France, Spain and Portugal are hoping to pool their players early next year, doubt has now been shed on whether Italy will follow suit. Initially part of the agreement, a number of the country’s lawmakers have now started voicing their opposition to the move, led by Democratic Party Senator, Franco Mirabelli, who sees shared liquidity as being used by criminals for money laundering purposes.
Sports Betting
Sports betting revenue soared by 23% to €106 million during the quarter, with football providing 60% of all the action. Other popular sports to bet on include tennis (25%), and basketball (4%).
In Q3, horseracing revenue jumped by 10% to €60 million, with French regulator ARJEL crediting the dramatic increase to new simplified betting products that better appeal to bettors being rolled out by racing operators. In addition, improved loyalty programs also appear to be doing a good job in helping to retain the operators’ existing customers, and commenting on the overall positive results, Xavier Hürstel, CEO of French sports betting firm PMU, explained:
“The financial results for the first nine months of the year confirm that PMU has found its way back to growth. The strategic choices made over the past two years are paying off even though efforts must continue.”

Poker News
DOJ wire act
24 Jun 2021
It looks like the long saga of the Wire Act potentially killing interstate online poker is over. Interstate poker officially became legal again earlier this week after the Department of Justice declined to appeal the decision in a lawsuit between the DOJ and the New Hampshire Lottery. The DOJ had until June 21 to file
UK's Poker Sector Just 5% of Online Gambling Market
27 Oct 2020
A major outage by GeoComply last Thursday left several online poker players with nowhere to play. GeoComply is a geolocation surface used by most online poker sites in the US. It determines where players are physically located which online poker sites need to know so ensure only legal players are using their sites. When GeoComply
UK Gambling Commission
15 Jan 2020
Online poker players and gamblers in the United Kingdom who currently fund their accounts with Visa or Master Card will need to find a new funding method. Earlier this week the UK Gambling Commission released new regulations that would make it illegal for online gambling deposits to be made with credit cards. The ban will
pennsylvania online poker
23 Jul 2019
Previous reports that stated online poker would launch in the state of Pennsylvania on July 15 have proven to be wrong. July 15th came and went last week and no online poker rooms went live in the Keystone State. Nearly two years have passed since Pennsylvania Governor Tom Wolf legalized online gambling in the state.