For several months, in October 2024, the question of legalising online casinos in France has been at the heart of political debates. Faced with a serious budget deficit, exacerbated since the COVID-19 crisis, the state is seeking solutions to replenish its coffers, and the legalisation of online gambling appears as an attractive option. With a booming digital economy and a growing demand from players for a diversified offer, the French government, in October 2024, seems ready to consider this once taboo reform. But what really motivates this renewed interest in online gambling? Let’s explore the reasons behind this promising decision.
A digital economy to boost
One of the main reasons put forward by the government for legalising online casinos is to boost the digital economy and find a new source of income to address its budgetary difficulties. At 8Fortuna, we believe this decision could potentially strengthen the French economy while opening new avenues for online gaming enthusiasts. Here are the key points:
Additional tax revenues: The government hopes to generate around 500 million euros per year, an amount estimated based on the current revenues generated by unregulated platforms and the sector's growth forecasts after legalisation, according to a recent study conducted by the Online Gaming Regulatory Authority (ARJEL). This financial contribution could help close the growing budget deficit the country is currently experiencing.
Public investments: The generated taxes could be invested in public services such as education and health.
Job creation: The creation of a regulated framework would offer the state the opportunity to better control the financial flows from gambling, while creating new jobs in the digital sector, particularly for regulation, monitoring, and technical support of gaming platforms.
A golden opportunity to make France a major player in online gaming, while boosting our economy! At 8Fortuna, we believe this initiative could broaden the horizons of gambling enthusiasts while promoting a safe and transparent gaming environment.
Regulating the unregulated offer
Another crucial point driving the legalisation of online casinos is the desire to regulate unregulated platforms and better integrate this activity into a legal and safe framework. Here’s why 8Fortuna considers this approach as a means to improve the regulation of current platforms:
Currently, thousands of French players: Approximately 1.3 million players turn to unregulated gaming platforms, which are not always subject to the same security standards as legalised platforms.
Consumer protection: By legalising this activity, the state aims to direct players towards sites that comply with high standards of security and data protection. Online casinos wishing to operate legally will have to meet strict security requirements, which will help improve the transparency and reliability of platforms. At 8Fortuna, we believe this transparency is crucial to build a trust relationship with players.
Player support: The idea is also to offer a space where players can be supported and guided. Preventive measures against addiction, already in place with some responsible operators, could be generalised and strengthened, thus ensuring more responsible gaming. Additionally, betting limits, often already applied by good faith operators, will be officially regulated.
Legalising online casinos would therefore not only regulate current platforms but also offer players a much better, safer, and above all... more fun experience! At 8Fortuna, we are committed to informing and guiding you to better understand this evolution in online gaming.
A European example to follow
Many European countries have already legalised online casinos, such as:
Spain: Online gaming revenues increased by 20% between 2018 and 2022.
United Kingdom: The sector's growth has created thousands of additional jobs. The online gaming market generated nearly £6 billion in 2023.
These examples show that legalisation, when accompanied by strict regulation, allows effective sector control while generating significant revenues for the state. Why not follow this winning trend? France stands to gain everything by adopting such an approach and ensuring it does not lag behind in this booming sector! 8Fortuna is here to accompany you and provide the best information on this market evolution.
Strict regulation to oversee online gaming
The government's plan is not to legalise online casinos without strict regulation. The proposed framework would include:
Limits on betting amounts: To avoid excessive losses.
Mandatory break periods: To prevent addictive behaviours.
Strict identity verification: To prevent underage gambling and addictive behaviours.
Independent supervisory authority: Responsible for monitoring gaming platform activities, ensuring player protection, and sanctioning abuses.
At 8Fortuna, we are convinced that this regulation is essential to ensure a safe gaming environment where pleasure remains at the heart of the experience. In short, everything is designed to allow players to have fun safely, while having a well-structured framework to prevent abuses. We're talking about a sector where fun and responsibility go hand in hand.
Conclusion
The legalisation of online casinos in France represents an economic, social and regulatory challenge. By regularising this practice, the government, by the end of 2024, hopes not only to increase its tax revenues but also to offer players a regulated and safe gaming environment. Of course, the implementation of this project will need to be done cautiously to ensure a secure framework and player support.
So, will France soon join the ranks of European countries that have adopted a pragmatic, controlled, and innovative approach to online gaming? Everything suggests that yes, and at 8Fortuna, we will closely follow this evolution to keep you informed of upcoming opportunities. Stay tuned. 😄
For several months, in October 2024, the question of legalising online casinos in France has been at the heart of political debates. Faced with a serious budget deficit, exacerbated since the COVID-19 crisis, the state is seeking solutions to replenish its coffers, and the legalisation of online gambling appears as an attractive option. With a booming digital economy and a growing demand from players for a diversified offer, the French government, in October 2024, seems ready to consider this once taboo reform. But what really motivates this renewed interest in online gambling? Let’s explore the reasons behind this promising decision.
A digital economy to boost
One of the main reasons put forward by the government for legalising online casinos is to boost the digital economy and find a new source of income to address its budgetary difficulties. At 8Fortuna, we believe this decision could potentially strengthen the French economy while opening new avenues for online gaming enthusiasts. Here are the key points:
Additional tax revenues: The government hopes to generate around 500 million euros per year, an amount estimated based on the current revenues generated by unregulated platforms and the sector's growth forecasts after legalisation, according to a recent study conducted by the Online Gaming Regulatory Authority (ARJEL). This financial contribution could help close the growing budget deficit the country is currently experiencing.
Public investments: The generated taxes could be invested in public services such as education and health.
Job creation: The creation of a regulated framework would offer the state the opportunity to better control the financial flows from gambling, while creating new jobs in the digital sector, particularly for regulation, monitoring, and technical support of gaming platforms.
A golden opportunity to make France a major player in online gaming, while boosting our economy! At 8Fortuna, we believe this initiative could broaden the horizons of gambling enthusiasts while promoting a safe and transparent gaming environment.
Regulating the unregulated offer
Another crucial point driving the legalisation of online casinos is the desire to regulate unregulated platforms and better integrate this activity into a legal and safe framework. Here’s why 8Fortuna considers this approach as a means to improve the regulation of current platforms:
Currently, thousands of French players: Approximately 1.3 million players turn to unregulated gaming platforms, which are not always subject to the same security standards as legalised platforms.
Consumer protection: By legalising this activity, the state aims to direct players towards sites that comply with high standards of security and data protection. Online casinos wishing to operate legally will have to meet strict security requirements, which will help improve the transparency and reliability of platforms. At 8Fortuna, we believe this transparency is crucial to build a trust relationship with players.
Player support: The idea is also to offer a space where players can be supported and guided. Preventive measures against addiction, already in place with some responsible operators, could be generalised and strengthened, thus ensuring more responsible gaming. Additionally, betting limits, often already applied by good faith operators, will be officially regulated.
Legalising online casinos would therefore not only regulate current platforms but also offer players a much better, safer, and above all... more fun experience! At 8Fortuna, we are committed to informing and guiding you to better understand this evolution in online gaming.
A European example to follow
Many European countries have already legalised online casinos, such as:
Spain: Online gaming revenues increased by 20% between 2018 and 2022.
United Kingdom: The sector's growth has created thousands of additional jobs. The online gaming market generated nearly £6 billion in 2023.
These examples show that legalisation, when accompanied by strict regulation, allows effective sector control while generating significant revenues for the state. Why not follow this winning trend? France stands to gain everything by adopting such an approach and ensuring it does not lag behind in this booming sector! 8Fortuna is here to accompany you and provide the best information on this market evolution.
Strict regulation to oversee online gaming
The government's plan is not to legalise online casinos without strict regulation. The proposed framework would include:
Limits on betting amounts: To avoid excessive losses.
Mandatory break periods: To prevent addictive behaviours.
Strict identity verification: To prevent underage gambling and addictive behaviours.
Independent supervisory authority: Responsible for monitoring gaming platform activities, ensuring player protection, and sanctioning abuses.
At 8Fortuna, we are convinced that this regulation is essential to ensure a safe gaming environment where pleasure remains at the heart of the experience. In short, everything is designed to allow players to have fun safely, while having a well-structured framework to prevent abuses. We're talking about a sector where fun and responsibility go hand in hand.
Conclusion
The legalisation of online casinos in France represents an economic, social and regulatory challenge. By regularising this practice, the government, by the end of 2024, hopes not only to increase its tax revenues but also to offer players a regulated and safe gaming environment. Of course, the implementation of this project will need to be done cautiously to ensure a secure framework and player support.
So, will France soon join the ranks of European countries that have adopted a pragmatic, controlled, and innovative approach to online gaming? Everything suggests that yes, and at 8Fortuna, we will closely follow this evolution to keep you informed of upcoming opportunities. Stay tuned. 😄
