FDJ United is looking at acquisitions in the US lottery market as a route to enter the country, CEO Stéphane Pallez said. Pallez said the company does not plan to pursue North American sports betting, citing potential disruption from other activities.
The company’s stated US entry route centres on lottery acquisitions rather than sports betting.
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FDJ United published its integrated annual report for 2025, covering the group’s activities and performance, according to the company. The report discusses the Play Forward 2028 plan, responsible gambling and the group’s international strategy. Senior executives and other named representatives contribute views on strategy and corporate impact.
FDJ United is continuing to migrate online betting and gaming operations to its own technology, CEO Stéphane Pallez said during the company’s FY25 earnings call. The group has deployed its sportsbook platform in Romania, the UK and Estonia, while France’s remaining major step is migration to Kindred’s player-account platform; Pallez said that move would take place in coming years.
FDJ United reported 2025 revenue of €3.68bn, down 3%, while gross gaming revenue rose 1% to €8.71bn. The company said additional French gaming taxes exceeded €50m in 2025 and are expected to reach €90m in 2026; it raised its end-2028 savings target to more than €150m.
FDJ United lowered its annual targets after Q3 2026 revenue fell 8.1% to €794m, with gaming revenue down 6.1% at €1.95bn. The group cited higher taxes in France, the UK and the Netherlands, costing €63m in the first nine months.
FDJ United has lowered its financial targets, according to its Q3 2026 report. Overall revenue for the quarter was 8.1% lower at €794m. The company blamed inherent gaming factors, tax increases and reduced traffic at points of sale, set against unfavourable economic conditions.
FDJ United reported first-quarter 2026 gross gaming revenue of €2.18 billion, up 1% year on year, while gaming revenue fell 3% to €895 million. The company said calendar gaming tax increases added around €24 million in costs during the quarter, and forecast slightly higher full-year GGR, a small revenue decline and nearly €90 million in additional gaming tax.