French online gambling market slips in Q2 despite sports betting boost

France’s online gambling market took a slight dip in the second quarter of 2015, despite a surge in sports betting activity.

Figures released on Tuesday by French gaming regulator ARJEL showed total online wagering falling 0.4% to €1.945b, while gross gaming revenue fell 0.1% to €180.3m. The tepid performance helped drag down the H1 numbers, during which stakes and revenue fell 1% and 1.5% respectively.

The declines came despite a boost in sports betting activity, which saw the vertical overtake horseracing as the top earner. Last year’s Q2 enjoyed a surge courtesy of the FIFA World Cup, but Q2 2015 saw sports betting stakes rise 18% to €338m and betting revenue was up 7% to €63m.

To compensate for this quarter’s lack of a marquee sporting event, operators offered players increased bonuses, which took a bite out of profits but helped boost average weekly active accounts by 5% to 187k.