Home NewsCasino Increased betting revenue helps FDJ reach EUR2,26bn by 2021

Increased betting revenue helps FDJ reach EUR2,26bn by 2021

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The French lottery operator Francaise des Jeux has reported revenue for 2021 of EUR2,26bn ($2.57bn/PS1.90bn), a 17.5% rise on the figure from 2020.

This represents an increase of 10.1% in revenue from the total revenue for 2019, prior to the Covid-19 Pandemic.

Lottery operations accounted for EUR1.73bn, a significant increase from EUR1.50bn a year ago. Sports betting brought in EUR464.0m, a 24.7% increase from last year.

In 2018, customers bet EUR18.98 billion, an increase by 10.8% over 2020. EUR14.73bn were wagered on lotteries – EUR8.98bn on instant lottery, and EUR5.74bn on draw games. EUR4.22bn on sports betting.

The marketing and communication expenses for this year totaled EUR414.7m. Other expenses totalled EUR16.3m. General and administrative costs were EUR199.4m.

The operating income in the first half of 2019 was EUR391.8m. This is up from EUR292.7m for 2020. The financial debt and costs totaled EUR7.1m. Other financial instruments, shares of net profits and joint venture earnings added another EUR32.0m to the income.

This resulted in a pre-tax profit of EUR416.6m. Net profits in 2021 are EUR294.2m after accounting for EUR122.5m income tax. This is a 37.7% rise from the previous year.

Earnings Before Interest, Taxation, Depreciation and Amortization (EBITDA), which was EUR427.0m in the previous year, amounted EUR522.0m.

Stephane Pallez said that 2021 will mark the return to FDJ’s pre-crisis trajectory of growth for its entire activities. The 2021 group results will be significantly better than the ones recorded in 2019 thanks to digital acceleration and growth of the points of sales network.

These performances confirm the validity of our strategy, and have led us to increase the growth targets and EBITDA target for 2025 that were communicated during the IPO of the Group.

“We are also pursuing our social commitments which we have already reaffirmed since the beginning of the crisis.” FDJ continues to balance financial performance with extra-financial obligations for all its stakeholders.

FDJ signed an agreement in 2021 with Plug and Play Retail – a retail and ecommerce investment company – and also agreed to sponsor the Tour de France for women.

After it was found that the privatization of this company violated EU law, it also became subject to an inquiry by the European Commission.

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