France Moves to Legalize Online Casinos: A Double-Edged Sword for Revenue and Addiction Risks

October 22, 2024
France Moves to Legalize Online Casinos: A Double-Edged Sword for Revenue and Addiction Risks
  • France's Prime Minister Michel Barnier's administration is moving to legalize online casinos as part of the 2025 budget amendment, aiming to align with European standards.

  • This proposal presents a significant opportunity for online gambling operators in France, where a substantial illegal market is already estimated to be worth 2 billion euros.

  • The government plans to regulate and tax online casinos at a proposed rate of 55.6% of gross gaming revenue, similar to existing lottery regulations.

  • The amendment aims to mitigate public health impacts from online gambling, control its growth, and combat illegal gambling sites.

  • With nearly 400,000 individuals in France suffering from gambling disorders, the Federation highlights the potential for increased addiction if online casinos are legalized.

  • A survey indicated that about one-third of French people have played online casino games, with a notable engagement among younger demographics.

  • Casino owners fear that the introduction of online casino games could lead to a 20-30% loss in their gross revenues, potentially resulting in the closure of 30% of establishments and threatening 15,000 jobs.

  • Critics, including the Addiction Federation, express concerns about the high addiction risks associated with online casinos, particularly due to rapid betting and solitary play.

  • Despite the concerns, proponents argue that legalizing online casinos could shift players from illegal sites to regulated platforms without significantly increasing competition for physical casinos.

  • The amendment emphasizes the need for specific regulations to be established in cooperation with the National Gaming Authority and relevant stakeholders.

  • The proposed amendment is set to be debated in Parliament, with discussions expected to begin soon.

  • The growing online gambling market, which is known for its addictive nature, raises significant public health concerns that the government aims to address through regulation.

Summary based on 11 sources


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Sources

France aims to allow online casinos next year


France aims to legalise online casinos

The Local France • Oct 21, 2024

France aims to legalise online casinos

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