In a statement dated 14 February, FDJ said it would likely pay an additional €90 million in taxes in France by July 2026, a year into the new tax rates.  

Before the new taxes come into force, FDJ said its 2024 revenue relating to gaming in France totalled over €2.6 billion after paying €4.4 billion in taxes.  

What will the next taxes in France look like?  

New tax requirements are expected to come into force in July in France. These are the result of a new Finance Bill included in France’s 2025 budget which was presented to policymakers last October.  

Taxes in France are based on gross gambling revenue (GGR) and differ significantly between verticals.  

The majority of the approved increases are around 1%. This will also be the case for social security contributions which are calculated separately to gambling taxes. However, the increase is higher for online sports betting and racing levies.  

The tax rate on lottery and Euromillions games will jump 1% to 69% of GGR. While social security contributions (CSG) for lottery will increase to 7.2% of GGR. 

The new tax rate for instant draw games will be 56.5% of GGR and additional social security contributions will jump to 7.2% of GGR.  

Retail betting tax is going up to 42.1% of GGR alongside a social security levy of 7.6% of GGR. However online betting will see the largest tax increase as the tax rate will go up to 59.3% from the current rate of 54.9% of GGR. An additional social security levy will be raised to 15% from 10.6% of GGR.  

Online poker tax will increase from 0.2% of stakes to 10% of GGR.  

There will be no change to the social security levy on online horse-race betting, but the levy paid to racecourse companies (annual change by decree) increases from 52.3% to 52.9% of GGR. 

Additional advertising tax is incoming

Finally all gambling operators will face a 15% tax on advertising and promotional expenditure from July. This was enforced as part of France’s Social Security Financing Act.  

Commenting on the expected impact from the tax, FDJ said the increase to lottery levies will reduce lottery revenue by around 2%.  

It said the group had “begun to take steps which will have a phased effect and are designed to fully offset the impact of these tax increases by 2027.”  

FDJ 2024 revenue up 17% including Kindred 

Elsewhere, FDJ is preparing to release its full year 2024 earnings on 6 March. In its preliminary results the company reported an uptick in revenue year-on-year in 2024 to €3.07 billion, up 17%.  

This is based on the integration of Kindred in October and does not include Kindred’s earnings prior to that date.  

FDJ generated a recurring EBITDA of €792 million, up 21%, generating a margin of 25.8% in 2024. 

When excluding Kindred, which it acquired in January of that year, FDJ revenue was up 10% group-wide and 6% in France specifically.  

When including Kindred earnings from January 2024, FDJ group revenue for 2024 was €3.8 billion, with a current EBITDA margin of 25.5%.