FDJ United's 2026 tax burden rises by 62 million euros

FDJ United's accounts for the first nine months of 2026 showed that the group has struggled most in the Netherlands and United Kingdom markets. Excluding these two countries, gross gaming revenue would have grown 5.7 percent. The company announced that it has launched action plans in both markets and expects performance to recover gradually.

The group's revenue for January to September fell 5.6 percent to 2.57 billion euros. Gross gaming revenue dropped 2.8 percent to 6.26 billion euros. The main assets in both markets are the Unibet betting site and the 32red online casino in the United Kingdom. Both joined the group in 2024 when Sweden-based Kindred Group was acquired.

High tax rates also added to the burden. Online betting in France is taxed at 59.3 percent of gross revenue, online gaming in the Netherlands at 37.8 percent of all online gaming revenue, and online casino revenue in the United Kingdom at 40 percent. As a result, the group's 2026 tax bill rose by 62 million euros.

The picture in France is not bright either. In the lottery and retail sports betting division, gross gaming revenue fell 3.5 percent to 4.97 billion euros, and revenue fell 4.8 percent to 1.79 billion euros. A 10.3 percent decline in draw-based games stood out. Online betting and gaming revenue fell 8.2 percent to 619 million euros.

Chief Executive and Chairman Stéphane Pallez attributed the results to lost foot traffic at points of sale, unfavorable economic conditions, and the expected tax increase.