France Lottery: 100 Retailers Hit by Social Unrest, Company Remains Resilient

FDJ United, the French lottery operator, has confirmed that about 100 points of sales across the country have been affected by the current wave of social unrest, with CFO Dan Lévy speaking during the Q3 earnings call. Despite the unrest, Lévy estimated that there was no material impact on the company’s business in the country. He acknowledged, however, that the affected points of sale had it harder.

Historically, the group’s business has been demonstrated to be very resilient to economic cycles and particularly because it is based on a very broad player base, and relatively average stakes, which is consistent with the recreational model.

The group has seen some declines across its core business in the first nine months of the 2026 financial year. Gross gaming revenue stood at €6,264m, a 2.8% decline while revenue stood at €2,576m, a 5.6% decline. There have been several reasons behind these slower results - including the lower number and amounts of high jackpots compared to 2025. Another reason was that players in the sports betting segment continued to reap strong winnings, a trend that has lasted throughout Q3. There are also challenging economic conditions, the company said, that have continued to weigh down on the business’ operations throughout Q2 and Q3.