The government recommends, Wednesday, August 13, a reform of the horse sector, to face the drop in bets, including “A structural savings plan” and a renovation of PMU governance in order to “Develop your status”.
Born in 1930, the PMU is an economic interest group (GIE) owned by France Galop and the Company of Encouragement for the Breeding of the French Trotteur (SETF) which share the net profit (8 % of bets) to finance the horse sector and its 40,000 jobs. Players pocket 75 % of the gains in form while the State receives 9 %.
According to the 2024 assessment of the National Games Authority (ANJ), the PMU recorded 6.6 billion euros in puts last year, for 1.7 billion gross product of the games (difference between players and their winnings), down 2 % over a year. According to France Galop, the bets have been down 4 % since the start of the year.
On Wednesday, the government appointed Eric Woerth, deputy of the Oise, to direct the writing of a “PMU 2030 Pact”.
“Downward trend”
It is based on a report by the General Inspectorate of Finance (IGF) which confirms “The downward trend in the stakes of horse racing”according to a press release from the Ministries of Agriculture and Public Accounts. “This strategy involves initiating a structural savings plan in the sector”according to the press release. In particular, mother companies, France Galop and the setf “Must continue the efforts of savings and sustainable reduction in charges by promoting more the pooling of their services, and identifying, in parallel, new revenues outside-Paris”.
L’etat a “Let’s share the mother companies of his desire to support this transformation and work alongside actors in the sector”. “This ambition involves renovating the governance of the PMU and in particular to develop its status towards that of a commercial GIE. »»
Eric Woerth will be mission “To formalize a strategic agreement with mother companies by relying on the recommendations of the IGF, to define the content of the PMU 2030 Pact, to propose a reform of the governance of the PMU and to fix the key to distributing between mother companies, and to formalize the mandate of the next PMU management team”.