Trends for France’s igaming verticals were confirmed on Tuesday when the country’s online gaming regulator ARJEL revealed that fourth quarter stakes for online poker cash games dropped 23% to €1.2bn, with gross gaming revenues down 12% during the final months of 2013 to €65m.
Annual figures showed gross gaming revenues and stakes for online poker cash games had dropped 13% and 18% to €258m and €5.5bn respectively during 2013. Stakes for tournaments were up 5% to €1.4bn, although this was not enough to make up for the drop in cash game figures.
France’s online gaming operators generated €325m in tax revenues, excluding VAT, ARJEL said.
Sports betting continued its upward trend, with a 41% rise in stakes to €264m and a 38% rise in gross win to €54m during the three month period. Over the 12-month period, stakes rose 20% to €848m and gross win was up 19% to €164m, helped by football’s popularity, stakes on the beautiful game were up 39% in 2013. Basketball and tennis also proved attractive to punters as stakes on those sports rose 36% and 25% during the year.