Rising revenues, acquisitions… FDJ finishes 2023 on a high note!
La Française des Jeux (FDJ), the French gaming operator in which the French state holds around 20% of the capital, has announced its financial results for the period from January 1 to September 30, 2023. The company recorded sales of 1.875 billion euros, an increase of 3.9% on the same period the previous year. But the good news doesn’t stop there!
Increased revenues for La Française des Jeux in 2023
FDJ’s gross gaming revenues amounted to 4.808 billion euros, with net income of 1.771 billion euros after deduction of taxes and levies. In addition to gaming, the Group’s secondary activities generated some €103 million, bringing total sales to €1.875 billion.
Despite a slightly weaker third quarter in 2023 (revenues during this specific period amounted to 586 million euros, down 1% on the previous year), FDJ enjoyed a overall expansion of its operations in the first nine months of the year. As a result, sales rose by 1.3% over the period.
It should be noted that FDJ’s lottery games and instant games grew by 0.8% overall, mainly thanks to sports betting and scratch cards. Online betting grew by 10.6%, due to an increase in the number of bets. For Internet lottery games, for example, wagering increased by around 12%, despite the relatively modest performance of the Amigo and Euromillions products.
Finally, online sports betting and games of chance generated Gross Gaming Revenue (GGR) of 360 million euros in the first nine months of 2023, representing a year-on-year increase of 9.3%, despite a slightly less attractive sporting calendar than in previous years.
FDJ acquisitions and international expansion
To further strengthen its activities, FDJ has acquired ZEturfthe second largest online horse betting operator in France. This acquisition should enable FDJ to become one of the leading iGaming operators in France, at least in sports betting, horse betting and poker.
In addition, FDJ announced the acquisition of Premier Lotteries Ireland (PLI)Ireland’s national lottery operator. This acquisition should be finalized in November 2023 and will contribute to the company’s international expansion. For 2023 as a whole, the FDJ Group is targeting sales growth of around 5%. It also plans to distribute between 80% and 90% of its consolidated net profit to shareholders.
