FDJ UNITED

The group’s core business model is regulated gambling at scale, combining consumer-facing lottery and sports betting with technology and services for other operators. In France it operates draw-based lotteries, instant games and sports betting online and in retail under exclusive or regulated rights, generating gross gaming revenue from player stakes minus payouts, then sharing part of this value with the State and retail partners while retaining an operator margin. Digital channels are an increasing share of its gaming turnover, complementing high-street distribution.

Internationally and in B2B, the company monetises its gaming platforms, terminals and trading capabilities by supplying turnkey lottery and sports betting solutions to other national lotteries and licensed betting operators. These contracts typically blend recovery of up-front development and deployment costs with ongoing revenue shares linked to gross gaming revenue. A payments and services division leverages the retail network to process bill payments and other transactions for third parties, creating incremental value from existing infrastructure through per-transaction fees and service charges.

Groupe FDJ is the French national gaming and lottery operator, running draw-based lotteries, instant games and sports betting across a large physical retail network and digital channels. The group also provides gaming technology and managed services to other regulated lotteries and betting operators, and operates a retail-based payments and services arm.

FDJ generates most of its revenue from consumer stakes on lottery and sports betting products in France under regulated payout and exclusivity regimes, with a growing share from digital games and online betting. Additional revenue comes from B2B platform, terminal and trading services for third-party operators, and from transaction fees for bill payment and related services processed through its retail points of sale. Its end-users are French lottery and betting players, while its direct paying customers include international gaming operators, national lotteries and institutions or merchants using its retail network for payment collection.