Tag: France sportsbetting
Online gambling flat in France in 2013 despite sportsbetting increase
February 10, 2014
iGaming Business – French regulator ARJEL has announced that the regulated online gambling market in France generated €325 million ($442 million) of tax revenue for the state in 2013. The total figure, which excluded VAT, represented a slight decrease on the 2012 total of €327 million. Sportsbetting generated €79 million of the total, with €86 million generated by online poker and €160 million by horse racing pari mutuel (tote). ARJEL said that the drop occurred despite a surge of sportsbetting activity in the fourth quarter of 2013. The total amount placed on sportsbetting increased year-on-year by a record 41% to…