
Please try another search
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.
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Active investors must understand the importance of market leadership, both on the way up and down. And this is proving to be very accurate in the semiconductors sector. Semis...
If not for the war, there would’ve probably been a repeat of the 2008 gold market. However, there is something similar: the bearish outlook for miners. Gold stocks are...
This article was written exclusively for Investing.comThe first-half 2022 saw risk assets get battered, and as we now start the second half of the year, the outlook remains...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.