FDJ Reports Strong Growth in First Half of 2024
La Française des Jeux (FDJ) has announced a robust performance for the first half of 2024, with gross gaming revenue reaching €3,660 million, marking an 11.1% increase. After accounting for €2,304 million in public levies, the net gaming revenue (NGR) rose by 11.3%, totaling €1,356 million.
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Performance in France
In France, gaming revenue increased by 7% to €1,299 million. Lottery revenue contributed €1,005 million, representing a 5% rise overall and 7.8% excluding the Amigo game.
Digital growth has been particularly noteworthy, with a 24.4% increase, pushing digital lottery penetration to 13.8%, up from 11.6% in the first half of 2023.
Instant games saw a 6.7% revenue boost, driven by the successful introduction of new games like Ticket d’Or (€5) and the phygital game Maxi Black Jack (€5).
Revenue from draw games grew by 2.1%, and by 9.8% when excluding Amigo, thanks to popular offerings like EuroDreams and attractive Euromillions jackpots.
Amigo, which returned to growth in June, also contributed to this positive trend.
Sports Betting and Online Gaming
Revenue from sports betting and online gaming open to competition reached €294 million, up 14.5% from the first half of 2023 and 6.7% on a like-for-like basis.
This segment has shown resilience despite a high comparison basis from the first quarter of 2023, which had been influenced by the 2022 football World Cup.
While betting on the Euro football championship fell short of expectations, favorable outcomes boosted revenue.
Online business continued to expand, with a 28.3% increase on a like-for-like basis, reflecting the strong performance of ParionsSport en ligne and the growing popularity of poker and cross-selling activities.
Strategic Developments
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, highlighted the positive momentum driven by both the network of points of sale and the digital sector, which now accounts for 15% of the Group’s revenue.
“The second quarter confirmed the positive trend seen since the beginning of the year thanks to our network of points of sale and to a very strong momentum from digital games, which now account for 15 per cent of Group revenue.
“This solid performance confirms our annual targets. In addition, we hope to finalise the acquisition project of Kindred in the near future, thereby marking a major new step in the Group’s development, both internationally and in our online sports betting and gaming activity, to the benefit of all our stakeholders.
“The first quarter performance had been affected by the high comparison basis of the first quarter of 2023, which had benefited in particular from the very positive impact of the football World Cup at the end of 2022. In the second quarter, betting on the Euro football championship fell short of expectations, but revenue was boosted by results that defied the odds and therefore played in the operator’s favour.
“Online business continued to enjoy sustained growth, up 28.3 per cent on a like-for-like basis. This performance reflects the intrinsic dynamism of ParionsSport en ligne, which is also benefiting from the attractiveness of poker, with a high level of cross-selling. Horse-race betting was stable, in line with the performance of the market and on a par with the end of 2023.”