La Française des Jeux Reports Strong Financial Growth by September 2024
La Française des Jeux (FDJ) has announced a 12 per cent increase in its revenue, reaching €5.393 billion by the end of September 2024.
Revenue Growth
FDJ reported significant financial growth, with gross gaming revenue (GGR) rising by 12.3 per cent to €1.990 billion after public levies of €3.403 billion.
In addition to its core gaming activities, the group generated €107 million from other operations, bringing total revenue to €2.097 billion.
This represents an 11.9 per cent overall increase, and a 5.8 per cent rise on a like-for-like basis.
Performance in France
In France, gaming revenue increased by eight per cent, reaching €1.907 billion.
Lottery games contributed strongly, generating €1.5 billion, a seven per cent increase, with all game ranges performing well.
Additionally, sports betting and online gaming, which are open to competition, showed a notable 13 per cent revenue growth, amounting to €407 million.
Expansion Across Channels
The FDJ Group continued to see expansion across both traditional and digital channels.
Point-of-sale revenue rose by three per cent within France and by nine per cent when including Ireland.
Digital revenue saw particularly strong growth, increasing by 39 per cent to €302 million, representing 15 per cent of the group’s total revenue.
CEO’s Remarks
Stéphane Pallez, Chairwoman and CEO of FDJ, highlighted the group’s continued success:
“FDJ continues to deliver a solid financial and non-financial performance, which allows us to confirm our growth and profitability trend for the year as a whole. This performance was driven both by the lottery and by sports betting and online gaming open to competition, and by all our distribution channels, with a network of points of sale in progression and strong momentum from digital games. The Group also reached a major milestone in the implementation of its strategy with the completion of the Kindred acquisition in early October, creating a European champion with a diversified and balanced profile for the benefit of all our stakeholders.”