Boulogne-Billancourt (France), 22 January 2024 (7:00 a.m.) – La Française des Jeux (FDJ), France’s leading gaming operator, announces its revenue and recurring EBITDA margin for 2023.


  • Good level of activity in the fourth quarter: revenue up 13.8 % to €747 million and up 7.1 % on a like-for-like basis[1],

All our businesses performed well, with very high like-for-like revenue in December:

  • Lottery revenue rose 7.8 % to €531 million. Business benefited in particular from the success of the Euromillions super jackpot starting at €200 million at the beginning of December and the launch of EuroDreams at the start of November. These factors are contributing to the strong momentum of online lottery.
  • Competitive sports betting and online gaming open to competition continued to perform well, with revenue up 14.9 % to €159 million, and 6.3 % higher on a like-for-like basis (excluding the first consolidation of ZEturf’s activities). This performance was driven by a still buoyant market, combined with very favourable results for the operator.


  • Over the full 2023 financial year, revenue rose 6.5 % to €2,621 million and 2.8 % on a like-for-like basis

Revenue from the Group’s online gaming business saw strong growth, up
18.8 % (13.9 % on a like-for-like basis), and accounted for nearly 13 % of revenue in 2023 versus 11 % in 2022.


  • Recurring EBITDA margin of 25.1 %

The good end to the year and the digital business accounted for a significant proportion of the growth in recurring EBITDA in 2023. The recurring EBITDA stand at €657 million, thus leading to a recurring EBITDA margin of 25,1 %. This level takes into account the exceptional level of sporting results in the operator’s favour at the end of the year and a reversal of a provision relating to disputes with former broker-agents. Excluding these, it would have been 24.3 %.


  • At the end of December 2023, after the ZEturf and Premier Lotteries Ireland payment, the net cash surplus[2] was €671 million, versus €900 million at
    end-December 2022.

The Group will announce its 2023 results on Thursday 15 February 2024 before the start of trading.



[1] Including Aleda and L’Addition in 2022 on a full-year basis and excluding the 2023 contribution from PLI and ZEturf.

[2] Excluding innovation funds.