La Francaise des Jeux reports €1.875B revenues for Q1-Q3 2023, acquires ZEturf & PLI

La Francaise des Jeux reports €1.875B revenues for Q1-Q3 2023, acquires ZEturf & PLI

Gaming operator La Française des Jeux (FDJ), a trailblazing force in the fast-expanding global gaming sector, has just unveiled its eagerly anticipated revenue for the period spanning from January to September 2023. Announcing its revenue figures for the period of January to September 2023, FDJ demonstrated its industry leadership by reporting €4,808 million in gross gaming revenue (GGR), which includes €1,771 million in net gaming revenue (following tax & levy deductions).

Complementing the company’s gaming success, other business activities contributed €103 million, which pushed its total revenues for the nine-month period to €1,875 million, marking a noteworthy 3.9 per cent increase year-over-year. While the third quarter of 2023 exhibited a slight decline with €586 million in revenues, showing a 1 per cent year-on-year waning, overall performance of the company over the first nine months of this year has witnessed steady growth, with sales operations jumping by 1.3 per cent.

The gaming operator experienced a 0.8 per cent rise in stakes, mainly attributed to the notable performance of its sports betting & instant games operations. The digital stakes exhibited an impressive growth of 10.6 per cent, driven by increased handle. Online lottery segment of the company demonstrated exceptional resilience with a 12 per cent increase in stakes, in spite of relatively subdued showings from Amigo and Euromillions products. On the other hand, the lottery business suffered a decline of 1.2 per cent, resulting in €1,407 million in revenues. While instant games stakes increased by more than 4 per cent, draw games revenue declined 6 per cent, largely because of the high jackpot Euromillions drawn nineteen times in September 2023, compared to thirty-two times in September 2022.

FDJ also announced the successful conclusion of acquisition ZEturf, which is expected to be a game-changer, potentially doubling the company’s revenue in the online gaming business.

In a parallel move, the forthcoming acquisition of Ireland-based Premier Lotteries Ireland (PLI) marks a momentous stride in the company's global expansion. This deal, which is expected to be finalized by the end of November this year, holds the promise of significantly amplifying the player base for draw games. Headquartered in Boulogne-Billancourt, the French gaming operator is enthusiastic about leveraging the robust portfolio of the Irish lottery operator, which has achieved an impressive €399 million in Gross Gaming Revenue (GGR).

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