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Time to Gamble on Sports Betting Stocks & ETF?

By Zacks Investment ResearchStock MarketsAug 14, 2020 02:00AM ET
www.investing.com/analysis/time-to-gamble-on-sports-betting-stocks--etf-200534118
Time to Gamble on Sports Betting Stocks & ETF?
By Zacks Investment Research   |  Aug 14, 2020 02:00AM ET
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  • (1:10) - The Legalization Of Sports Betting
  • (6:35) - Understanding What Sports Betting Really Is
  • (10:00) - What Kind Of Growth Can This Industry Expect?
  • (13:15) - Roundhill Investments Sports Betting ETF: BETZ
  • (22:40) - The Impact Of The Coronavirus On Sports
  • (26:30) - Roundhill Investments Esports ETF: NERD
  • (29:10) - Episode Roundup: Podcast@Zacks.com

In this episode of ETF Spotlight, I speak with Will Hershey, CEO at Roundhill Investments. We talk about sports betting and the Roundhill Sports Betting & iGaming ETF BETZ.

In 2018, the Supreme Court cleared the way for states to legalize sports betting. Sports betting is now legal in many states and some states have passed bills or have active bills. Most American people support the legalization of sports betting.

Goldman Sachs (NYSE:GS) expects sports betting to become a $28 billion industry and iGaming or online gambling to become a $9.5 billion industry.

BETZ, the first and only ETF to provide exposure to this fast-growing industry, has already gathered about $90 million in assets, within two months of its launch. In addition to online sports-betting firms such as Penn National Gaming (NASDAQ:PENN) PENN and DraftKings (NASDAQ:DKNG) DKNG, it holds casino operators like Wynn Resorts (NASDAQ:WYNN) WYNN and MGM Resorts (NYSE:MGM) MGM, as well as those providing infrastructure or technology to such companies.

The Roundhill BITKRAFT Esports Digital Entertainment ETF NERD is up almost 50% this year as it benefitted by coronavirus related shutdowns and other broader trends. Tune into the podcast to learn more about these ETFs.

Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.

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MGM Resorts International (MGM): Free Stock Analysis Report

Wynn Resorts, Limited (WYNN): Free Stock Analysis Report

Penn National Gaming, Inc. (PENN): Free Stock Analysis Report

DraftKings Inc. (DKNG): Free Stock Analysis Report

Roundhill BITKRAFT Esports Digital Entertainment ETF (NERD): ETF Research Reports

Roundhill Sports Betting iGaming ETF (BETZ): ETF Research Reports

To read this article on Zacks.com click here.

Zacks Investment Research
Time to Gamble on Sports Betting Stocks & ETF?
 

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Time to Gamble on Sports Betting Stocks & ETF?

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