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Olivier Kaplan: From Loto Foot to Bet Builder
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Olivier Kaplan: From Loto Foot to Bet Builder
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Balancing the books - iGaming Business
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Strong second half helps FDJ limit 2020 turnover and revenue declines
12th February 2021
| By Robin Harrison
French gaming giant La Française des Jeux (FDJ) said good results in the second half of 2020 helped the business limit declines in turnover and revenue - and remain in profit - for the year.
After the business reported an 18.4% year-on-year decline in turnover for the first half of the year, lottery sales and sportsbook stakes rose 2.8% over the six months to 31 December, 2020.
This helped FDJ generate turnover of €15.96bn (£14.02bn/$19.31bn) for the year, though this was down 6.8% compared to 2019’s adjusted €17.13bn total. The 2019 figures were adjusted to reflect France’s new fiscal and regulatory framework, Sporting Group’s full results, and expenses related to FDJ’s initial public offering.