ES
IT
PT
DE
NL
FDJ reported World Cup stakes of over €700m and a high payout ratio to players, in line with forecasts
French lottery and retail sports betting operator FDJ United generated gross gaming revenue (GGR) of €3,429m, down two per cent and revenue of €1,240m, down 3.9 per cent.
The lottery reported a 2.1 per cent decline in GGR in the first half of the year, to €2,979m, and a four per cent decline in revenue, to €1,022m. This underperformance is due to the significantly lower number and amounts of major Euromillions jackpots compared to 2025 and, in the second quarter, lower traffic at points of sale, largely due to exceptional heatwaves. Excluding long Euromillions cycles in the first half of the year, GGR for the lottery rose by one per cent and for the online lottery by six per cent.
In the second half, the group is rolling out a sales action plan to support the lottery business. Furthermore, as part of its medium-term strategy, it continues to invest in refreshing its game offering and driving innovation, including in 2027 the relaunch of Euromillions and Loto and the launch of a new €10 instant game, efforts to enhance the appeal of its digital offering and the continued expansion of under banners points of sale
The performance of point-of-sale sports betting improved in the second quarter, driven by a more attractive offering than in the first quarter. In the first half of the year, GGR and revenue declined by 1.1 per cent to €450m and 2.9 per cent to €218m, respectively
Online betting and gaming performance was in line with expectations. GGR was stable at €702m, while revenue declined by 7.4 per cent to €431m. Excluding the Netherlands and the United Kingdom, GGR rose 6.6 per cent and revenue increased 0.6 per cent, driven in particular by a strong performance in France and Scandinavia
In the Netherlands, business continued to improve despite a persistently challenging environment. Compared with 2025, the 15 per cent decline in GGR in the first quarter was significantly
reduced to 4.1 per cent in the second quarter. In the United Kingdom, as expected, the situation remains difficult, and the ongoing action plan will begin to yield results by the end of 2026
The new management team is committed to implementing the action plans designed to gradually restore performance, in particular by prioritising marketing investments and optimising player experience.
FDJ reported strong performance for the FIFA World Cup with stakes over €700m for the Group and a high payout ratio to players, in line with forecasts
Stéphane Pallez, Chairwoman and Chief Executive Officer of FDJ UNITED, said: “The group’s performance in the first half is still affected by higher taxation, alongside factors inherent to the lottery business and the impact of exceptional heatwaves which have weighed on traffic at points of sale in France. Backed by solid fundamentals and a robust financial structure, FDJ UNITED continues to invest in innovation, the attractiveness of its product portfolio and the acceleration of its transformation in order to return to a path of sustainable, profitable and value-creating growth.”
