Time to Gamble on Sports Betting Stocks & ETF?
Zacks Investment Research | Aug 14, 2020 02:00AM ET
- (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: 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) 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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