Last Updated on August 31, 2020

Gamblers aren’t the only ones going all-in on sports betting. Investors are pushing their chips to the middle of the table when it comes to stocks and exchange-traded funds. Roundhill Sports Betting & iGaming’s $BETZ is the latest ETF to see a huge surge in investment.


Roundhill Sports Betting & iGaming Overview

“The Roundhill Sports Betting & iGaming ETF (“BETZ ETF”) is designed to offer retail and institutional investors exposure to sports betting and iGaming industries by providing investment results that closely correspond, before fees and expenses, to the performance of the Roundhill Sports Betting & iGaming Index (“BETZ Index”). The Roundhill Sports Betting & iGaming Index is the first and only rules-based index designed to track the performance of the growing market of online sports betting and gaming, or ‘iGaming’.”

On Friday, June 5, $BETZ rose by 273% and was well ahead of the field in percentage changes among Robinhood traders per Robintrack:

$BETZ: +273% (+8604)
$GCI: +144% (+9905)
$CHX: +90% (+185)
$PSV: +87% (+819)
$ZI: +74% (+3426)
$FRSX: +57%
$NKLA: +55%
$DXLG: +55%
$DRAD: +50%
$XCUR: +46%



Top 10 Holdings

DKNG DraftKings Inc: 7.02%
FLTR LN Flutter Entertainment PLC: 6.53%
GAN GAN Ltd: 5.79%
PBH AU PointsBet Holdings Pty Ltd: 5.36%
KAMBI SS Kambi Group PLC: 4.78%
BET AU Betmakers Technology Group Ltd: 4.57%
WMH LN William Hill PLC: 4.45%
PENN Penn National Gaming Inc: 4.16%
KINDSDB SS Kindred Group PLC: 4.12%
GVC LN GVC Holdings PLC: 3.76%

Among the top two holdings are Draftkings (DKNG), which is a well-known name amongst US bettors, and Flutter Entertainment (FLTR), which is the parent company for FanDuel and FoxBet.

The success of sportsbook-related stocks shouldn’t come as a huge surprise. Year-over-year revenue was way up in Q1 and although the coronavirus pandemic shut down the majority of live sports for Q2, sportsbooks app downloads are surging. Once live sports return, the demand for online sports betting is going to skyrocket.

Not to mention, as sports betting legislation sweeps across the country, the market grows considerably for the holdings in $BETZ. Keep an eye on this ETF in the coming months.