French gambling regulatory L’Autorité de régulation des Jeux en ligne (ARJEL) has reported strong Q3 performance. According to the figures released, the gambling regulator posted a 27.7% year-on-year increase in revenue for the third quarter of 2019.
The overall revenue for the quarter ending 30 September 2019 jumped to €346m (£296.0m/$380.7m. Sports betting made a significant contribution with a 9% increase to €1.08bn.
The majority of bets were placed on football which saw €553.0m in wagers. However, the football wagers declined 12% year-on-year despite making over 50 percent of the overall betting handle.
Tennis followed football adding €363.9m to the total, including €68.4m from Wimbledon and €67.1m from the US Open.
Amidst new gambling regulations, the French government has announced its plan to create a new national gambling authority, L’autorité nationale des jeux (ANJ). The new gambling authority would replace the current regulator, l’autorité nationale de régulation des jeux en ligne (ARJEL).
France is also privatizing the state-operated lottery monopoly La Française des Jeux (FDJ).
At present, ARJEL regulates online gambling in France. Casino and Horse racing in Paris are regulated by the Ministry of the Interior and Ministry of Economy and Finance. However, the new regulatory body will the unique gambling regulator to monitor all gambling activities in the country.