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Wynn Resorts, Limited (WYNN) - free report >>
MGM Resorts International (MGM) - free report >>
PENN Entertainment, Inc. (PENN) - free report >>
Roundhill Video Games ETF (NERD) - free report >>
DraftKings Inc. (DKNG) - free report >>
Roundhill Sports Betting & iGaming ETF (BETZ) - free report >>
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Time to Gamble on Sports Betting Stocks & ETF?
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 - Free Report) .
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 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 (PENN - Free Report) and DraftKings (DKNG - Free Report) , it holds casino operators like Wynn Resorts (WYNN - Free Report) and MGM Resorts (MGM - Free Report) , as well as those providing infrastructure or technology to such companies.
The Roundhill BITKRAFT Esports Digital Entertainment ETF (NERD - Free Report) 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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