FDJ’s gaming revenue in the first quarter was 645 million euros, up 3.1% from a year earlier. FDJ posted 100 million euros in revenue, praising the strong momentum of online gaming, which accounts for nearly 15% of the group’s total gaming revenue.
The FDJ had previously said it was aiming for 8% growth in revenue in 2024. While it has fallen just short of that so far, its upcoming sporting schedule, including the European Championships and the Paris Olympics, could boost hopes of meeting its 8% growth target.
Lottery revenue rose 1.4% during the first quarter to 504 million euros from 497 million euros reported in the same quarter last year. Sports betting and competing online gaming revenue rose 9.5% to 141 million euros in the first quarter of 2023.
Meanwhile, revenue from other activities such as payments and services was 65 million euros, up 77.4% from 37 million euros reported in the first quarter.
“FDJ has started the year well in line with its 2024 goals,” said Stephan Pallez, FDJ Group Chairman and Chief Executive Officer. 안전놀이터 추천
“All activities are growing thanks to our network of more than 29,000 retailers and our dynamic online gaming business, which now accounts for 15% of the group’s gaming revenue.”
Lottery Growth by Instant Games
The FDJ attributed this to growth of more than 4% in instant games, with lottery revenue up 1.4%. However, lottery game revenue fell 3%.
The FDJ also noted that sales of sports betting and online gaming rose despite tough comparisons in the same quarter last year, which benefited from the ongoing impact of the Qatar World Cup, which ended in December 2022.
The FDJ highlighted the impact of the FDJ’s online sports betting arm, ParionSport EnLige, on overall growth, with revenue in the sector up more than 25%.
Excluding Zeturf and Premier Lottery Ireland, which it acquired in 2023, FDJ’s online gaming revenue growth was over 20%. The FDJ attributed it to sports betting and online lottery tickets.
Pallez is confident of closing the Kindred deal
The FDJ in January submitted a 27.96 billion Swedish krona (£2.11 billion euro $2.45 billion $2.67 billion) offer to acquire all of Kindred Group’s outstanding equity capital.
Following the bid, the FDJ declared that the Kindred acquisition would form the second-largest operator in the European game, boosting its revenue and revenue potential.
“We are also confidently pursuing the Kindred acquisition announced at the end of January,” Pallez confirmed.