France’s FDJ sees revenue and stakes climb in Q1 despite Covid-19 restrictions

France’s FDJ sees revenue and stakes climb in Q1 despite Covid-19 restrictions

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
April 19, 2021 1:15 AM
  • Robert Fletcher, iGaming Business

French gaming giant La Française des Jeux (FDJ) has reported a year-on-year rise in revenue and stakes during its first quarter, despite continuing restrictions on retail activity related to the novel coronavirus (Covid-19) pandemic.

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Total revenue for the three months through to 31 March amounted to €537.6m (£466.7m/$644.3m), up 5.2% from €511.2m in the same period last year.

Gross gaming revenue was up by 5.1% year-on-year to €525.9m, while revenue from other activities jumped 10.7% from €10.6m to €11.8m.

FDJ said the rise in revenue was driven by an increase in stakes, with players spending a total of €4.6bn, up 11.8% from €4.11bn in Q1 of last year, despite the operator facing longer restrictions related to the pandemic than the same period in 2020.