Lottery Underperformance Weighs on FDJ H1 Revenue
Highlights
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FDJ points out a decline in both H1 revenue and GGR due to a tax increase and lottery underperformance.
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The company has devised “targeted task force” plans to improve collaborations and performance across the UK and the Netherlands.
FDJ United, in its reports, has underlined that there is a drop in both revenue and GGR due to a tax increase and lottery underperformance across H1;
On Wednesday, it was revealed that revenue fell by 4.5% to €1.78 billion, while GGR declined by 1.3% to €4.31 billion.
Stéphane Pallez, CEO and chairwoman of FDJ, said that the reason for this revenue decline is the rise in taxation in France, Romania, the UK and the Netherlands, which have been the company’s key markets.
Pallez quoted that approximately €52 million in H1 revenue was affected by the gambling tax increase. He further attributed the declines to underwhelming performance in FDJ’s lottery sector, which recorded a 2.5% dip in GGR to €2.98
billion, and revenue fell by 4% to €1.02 billion.
There was also a lackluster performance in retail sports betting in the first half of 2026, with GGR down by 11% to €450 million. Also, revenue fell by 2.9% to €218 million.
Despite tax-related pressures and weaker performance in lottery and retail sports betting, FDJ said its online betting and gaming division was performing in line with expectations.
The H1 GGR units remain constant at €702 million, but revenue decreased 7.4% to €431 million.
France and Scandinavia were the top performers in online betting and gaming units. Apart from the Netherlands and the UK, GGR rose by 6.6%, and revenue also nudged up by 0.6%.
FDJ reported continued improvement in its Netherlands online business despite difficult conditions, with Unibet’s GGR falling 4.1% in Q2 compared with a 15% plunge in Q1.
The company outlines plans to implement “targeted task forces” for greater collaboration and performance across the UK and the Netherlands.
For more information, Refer Here!
On Wednesday, it was revealed that revenue fell by 4.5% to €1.78 billion, while GGR declined by 1.3% to €4.31 billion.
Stéphane Pallez, CEO and chairwoman of FDJ, said that the reason for this revenue decline is the rise in taxation in France, Romania, the UK and the Netherlands, which have been the company’s key markets.
Pallez quoted that approximately €52 million in H1 revenue was affected by the gambling tax increase. He further attributed the declines to underwhelming performance in FDJ’s lottery sector, which recorded a 2.5% dip in GGR to €2.98
billion, and revenue fell by 4% to €1.02 billion.
There was also a lackluster performance in retail sports betting in the first half of 2026, with GGR down by 11% to €450 million. Also, revenue fell by 2.9% to €218 million.
Despite tax-related pressures and weaker performance in lottery and retail sports betting, FDJ said its online betting and gaming division was performing in line with expectations.
The H1 GGR units remain constant at €702 million, but revenue decreased 7.4% to €431 million.
France and Scandinavia were the top performers in online betting and gaming units. Apart from the Netherlands and the UK, GGR rose by 6.6%, and revenue also nudged up by 0.6%.
FDJ reported continued improvement in its Netherlands online business despite difficult conditions, with Unibet’s GGR falling 4.1% in Q2 compared with a 15% plunge in Q1.
The company outlines plans to implement “targeted task forces” for greater collaboration and performance across the UK and the Netherlands.
For more information, Refer Here!
