In a testament to its continued growth and success, La Française des Jeux (FDJ) has recently unveiled its revenue report for 2023, showcasing remarkable achievements and promising prospects for the future.
FDJ’s revenue for 2023 stands at a commendable €2.6 billion ($2.8 billion), marking a substantial 6.5% increase from the previous year’s earnings. This remarkable growth trajectory underscores the company’s resilience and adaptability in navigating the dynamic landscape of the gaming industry.
The heart of FDJ’s operations lies in its lottery ventures, which contributed significantly to its overall revenue. In 2023, FDJ’s lottery operations generated €1.9 billion, comprising approximately 73.1% of the operator’s total revenue. Notable highlights include the performance of flagship offerings such as the Euromillions and Amigo, which showcased steady growth and innovation throughout the year.
FDJ’s foray into sports betting and online gaming has proven to be a lucrative endeavor, with these segments collectively generating €518 million in revenue for 2023. The acquisition of ZEturf in late 2023 marked a significant milestone for FDJ, enabling the company to diversify its offerings and tap into the burgeoning online horseracing market.
Beyond financial gains, FDJ remains committed to contributing to France’s public finances and societal well-being. In 2023, the company generated €4.3 billion in contributions to France’s public coffers, with a substantial portion allocated towards supporting national sports initiatives and preserving French heritage sites.
Looking ahead, FDJ’s strategic initiatives, including the proposed acquisition of Kindred Group, hold the promise of further expanding its international footprint and driving future growth. The potential €2.6 billion acquisition underscores FDJ’s commitment to strategic expansion and diversification in the global gaming market.
FDJ’s strong financial performance is reflected in its stock prices, which have experienced steady growth in recent months. As of February 15, 2024, FDJ’s stock prices rose to €39.28, reflecting a 1.5% increase from the previous trading day and a significant 17.8% increase from the average price reported in January.
FDJ’s 2023 revenue report paints a picture of resilience, innovation, and strategic foresight. With a strong foundation in lottery operations, coupled with expansion into sports betting and online gaming, FDJ is poised for continued success in the years to come, driving economic growth and societal impact in France and beyond.
