France Expected to Legalize Online Gaming in 2024

The global upsurge of fans of online gambling has sparked a convoluted debate over the possible legality of this rapidly expanding sector. While some countries take a more liberal stance, others impose strict prohibitions, which unintentionally push gamblers onto illegal venues. In this era of regulatory reflection, France seems ready to take a revolutionary stand.

There are unfounded reports going around that France is aggressively exploring the possibility of legalizing internet gaming as early as 2024. Although there is no official proof for these reports, there is a lot of conjecture that the well-known gaming operator Française des Jeux (FDJ) would be a major player in the projected online casino sector.

EGBA’s Advocacy for Regulation

The European Gaming and Betting Association (EGBA) has been a prominent voice in favor of France enforcing strict regulations on internet gambling. This campaign is a part of a larger effort to discourage people from using illegal gaming platforms, which is an urgent matter that is highlighted by the fact that over a million people visit offshore gambling sites each month.

Strong data shows that over a million people in France regularly use online gaming sites. These developments highlight how urgent it is that France redirect its regulatory efforts to the iGaming industry, as stressed by the strategic counsel of EGBA.

According to projections, France may earn an amazing gross gaming revenue (GGR) of up to $1.6 billion ($1.5 billion) year if online gambling is legalized. One interesting data shows that online casinos receive half of all traffic from French offshore websites. Three million people visit these sites each month.

The FDJ, which is now publicly held after going from being state-run, with the government owning a quarter of the company, appears to have the ability to regulate the rapidly expanding online gaming industry. This kind of calculated risk management not only guarantees strong regulatory supervision but also puts the government in a strong financial position.

The National Gambling Authority (ANJ) in France is aggressively attempting to restrict illicit gambling websites in addition to these regulatory concerns. The government hopes to strengthen its regulatory framework by rerouting the current traffic to offers that are regulated and fall under the purview of FDJ.

The revolutionary ripple effects of France’s possible legalization of iGaming go beyond regulatory dynamics to include increased consumer protection and economic advantages.

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