A Long-Awaited Move in the French Gambling Landscape
The French government’s decision to legalize online casinos by 2025 marks a significant shift in the country’s regulatory environment. Currently, France only permits online betting, making it one of the few EU member states where online casino games are still banned. This new amendment comes as part of the 2025 draft budget, which aims to boost state revenues by taxing online casinos at a rate of 55.6%. The government sees this as a way to generate significant income and control the illegal gambling market.
Potential Benefits for France’s Economy
The legalization of online casinos in France is likely to have a massive economic impact. With the estimated €1.5 billion currently flowing into the black market, the government can recapture a significant portion of this through taxation. Furthermore, regulating the industry would provide more control over gambling-related public health risks, allowing for better protection for consumers prone to addiction.
Concerns from Land-Based Casinos
Despite the advantages, not everyone is in favor of the legalization. Land-based casinos are voicing concerns that online casinos could reduce their revenue, with estimates of a potential 20-30% drop in turnover. Job losses and closures are also potential risks, particularly for smaller brick-and-mortar establishments.
Navigating the New Regulatory Landscape
France’s regulatory body, the National Gambling Authority (ANJ), will play a critical role in establishing guidelines and protecting consumers in this new digital space. While the legal framework will take time to fully evolve, the move signals a forward-thinking approach that many believe is long overdue in the French gambling market. Forward-thinking advisory and consulting firm SCCG Specializes in Business Development and Emerging Market strategies.
