JUE 25 DE DICIEMBRE DE 2025 - 17:27hs.
FRANCE

PMU reports slight growth in horseracing revenues

Sports betting revenue from horse racing in France fell during the first quarter of 2017 but paramututal operator PMU reported slight growth of 0.5 %. During the first quarter, horse race betting across France was actually down 1.5 %.

Regarding the figures releases, PMU stated: "The first quarter of the year is marked by a return to growth. Overall activity was slightly positive (+ 0.5 %) at € 2.546bn for gross gaming revenue of €626.9m, down 0.6 %.”

"The equestrian stakes are up 0.6 % to €2.324bn, despite the cancellation of a Quinté + meeting during the quarter. The gross gross margin of betting was down 0.4 % to €612.2m. While the French market posted a slight decline of 1.5 % to €2,021bn in stakes over the period, the month of March saw a marked growth in the activity of the network of points of sale,” the company added.

In 2016, the PMU recorded a 1.3 % increase in overall gaming revenue, to € 2.444bn.

The PMU became the first operator to offer a CashOUT facility for the French market. It is offering another novelty called Turfoot, which is the first bet mixing horse racing and football. This game, combining three horse racing and three football games has had a "very encouraging start.”


Source: GMB / G3 Newswire