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PENN Entertainment, Inc. (PENN) - free report >>
DraftKings Inc. (DKNG) - free report >>
Roundhill Sports Betting & iGaming ETF (BETZ) - free report >>
Why Sports Betting Stocks & ETF Are Booming
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.
The Roundhill Sports Betting & iGaming ETF (BETZ - Free Report) , the first and only ETF to provide exposure to this fast-growing industry, has already gathered about $125 million in assets. Penn National Gaming (PENN - Free Report) and DraftKings (DKNG - Free Report) are among its top holdings
BETZ, which is up about 33% since its launch in June, charges 0.75% annually in fees.
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