France’s online poker cash games post rare gains in December

France’s online gambling market remained driven by sports betting in Q4 2016, while poker’s decline slowed but failed to stop.

Figures released Thursday by French gaming regulator ARJEL show online sports betting turnover hitting €532m in the three months ending December 31, an 18% improvement over Q4 2015 and the second highest total (after Q2 2016) since the regulated market launched in 2010.

Sports betting revenue jumped 9% in Q4 to €89m while the number of weekly active bettors gained 14% to 275k. For 2016 as a whole, betting handle shot up 44.5% to €2.08b while revenue gained 29% to €349m, reflecting the impact of the Euro 2016 football tournament and the Rio 2016 Summer Olympics.

Horserace betting handle continued to decline in Q4, falling 7% to €246m, while race betting revenue slipped €5m to €62m. Racing stakeholders grasping for positives will point to the fact that the handle decline improved from -12% and -11% in Q2 and Q3 2016, respectively. For the year, race handle was down 9% to €924m and revenue fell 8% to €234m.