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), 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) and DraftKings (DKNG) 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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Penn National Gaming, Inc. (PENN): Free Stock Analysis Report
DraftKings Inc. (DKNG): Free Stock Analysis Report
Roundhill Sports Betting iGaming ETF (BETZ): ETF Research Reports
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
