How Popular Is Online Sports Betting In France
Sports betting is a billion dollar industry. It continues to gain popularity every year. More and more nations are allowing their citizens to bet on popular competitions.
France is one nation that has jumped on the online sports betting bandwagon. Their online sports betting revenues reached eight year highs in 2018. Much of that was due to the popularity of the World Cup. The soccer championship series is immensely popular in France and many other European nations. This also means that a lot of people are betting on their favorite teams during the competition.
You can find out more online about the different sports betting websites in France. You can research things like promo code Unibet and other sites. You can also find out about the different gaming options and read the rules for various games and sites.
Here are some reasons why online sports betting is so popular in France:
1. Most forms of gambling are legal in France
France first started to allow sports betting in 2010. People have to be 18 years old to play. There are two groups that maintain France's sports betting: Francaise des Jeux (FDJ) oversees their lotteries and other similar types of games and Pari Mutuel Urbain (PMU) oversees betting on horse races.
The French Autoritie de regulation des jeux en ligne, also known as ARJEL, was formed in 2010 to regulate the French online gambling industry. It is a wholly independent entity that arose from the passing of the French Gambling Act that year. ARJEL is in charge of protecting players and actively cracks down on fraudulent or illegitimate gambling sites. They also crack down on money laundering and work diligently to preserve consumers' rights.
One downside for many companies is the taxes that are required for most casinos. Any poker pot is subject to a 2% tax, in addition to the usual rate taken by the gaming site. This means that most French poker players are paying about 7% tax or higher, which can be almost double what players in other countries around the world are paying.
French sports betting is subject to an 8.5% tax rate for every bet that is placed. Betting site operators are required to pay a 33% corporation tax in order to conduct business in France. These higher tax rates can be a burden for both players and companies, but they do help weed out illegitimate sites and bettors.
2. There are many options for game players
There are many ways for people to bet on their favorite sporting events and other games in France. Recreational gambling is not taxed, and online poker games are legal when using licensed French gaming websites. Roulette first originated in France, and there are many online sites for both casino games and sports betting.
Residents can play hundreds of different games both online and at traditional casinos. They can also place bets on their favorite sporting events at "racinos" (combination of racetrack and casino establishments) any time they are open.
These are just some of the reasons why online sports betting is popular in France. There are a wide variety of options for just about any interest. Just take some time to read the rules and pay attention to any taxes that may be taken out of your winnings. France offers many ways for sports and gambling enthusiasts to spend hours of fun and recreation at their online casinos and sports booking websites.
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