{"id":131086,"date":"2022-07-29T07:50:32","date_gmt":"2022-07-29T07:50:32","guid":{"rendered":"https:\/\/www.i-conseils.fr\/index.php\/2022\/07\/29\/fdj-hails-lottery-recovery-ahead-of-tech-upgrades\/"},"modified":"2022-07-29T08:39:13","modified_gmt":"2022-07-29T08:39:13","slug":"fdj-hails-lottery-recovery-ahead-of-tech-upgrades","status":"publish","type":"post","link":"https:\/\/www.i-conseils.fr\/index.php\/2022\/07\/29\/fdj-hails-lottery-recovery-ahead-of-tech-upgrades\/","title":{"rendered":"FDJ hails lottery recovery ahead of tech upgrades"},"content":{"rendered":"
FDJ hails lottery recovery ahead of tech upgrades
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Groupe FDJ<\/strong> has reported a strong first half of the year, benefitting from the full recovery of its French lottery network, but also issued a warning on economic headwinds impacting the French economy.<\/span><\/p>\n Publishing its H1 trading results, FDJ reported group revenues of \u20ac1.2bn, up 12% on corresponding 2021 results of \u20ac1.08bn.<\/span><\/p>\n H1 trading saw FDJ generate total stakes (lottery + sports betting) of \u20ac10bn, of which \u20ac8.9bn corresponded to Fran\u00e7aise des Jeux<\/strong> lottery sales.<\/a><\/span><\/span><\/p>\n Normalised lottery trading was supported by FDJ launching new marketing campaigns and point-of-sale activities\/initiatives that helped its lottery unit achieve an H1 GGR of \u20ac2.7bn, up 16% on 2021 results of \u20ac2.3bn.<\/span><\/p>\n Improved lottery results saw FDJ increase its H1 public levies to \u20ac2.04bn (+13%) as lottery net revenues amounted to \u20ac943m (H12021: 805m).\u00a0\u00a0\u00a0<\/span><\/p>\n Lottery growth offset FDJ sports betting declines, as the Parions Sport<\/strong> unit registered a 5% drop in betting GGR to \u20ac485m (H12021: \u20ac508m). The decline in sports betting results was related to a lower wagering volume against the peak comparatives of 2021 that featured the UEFA Euro 2020 tournament.<\/span><\/p>\n Returning its lottery network at full capacity, FDJ accounted for a higher sales cost of \u20ac652m, of which \u20ac470m represented POS commissions and increased outgoings combined with higher period marketing expenses that grew to \u20ac220m (+13%).<\/span><\/p>\n