Roundhill Investments - Sports Betting & iGaming ETF
BETZ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 154 West 14th Street, 2nd Floor New York NY United States of America 10011
- IPO Date
- Jun 4, 2020
- Website
- roundhillinvestments.com
- Similar Companies
- Business
- Roundhill Sports Betting & iGaming ETF (BETZ) is an exchange-traded fund that provides investors with targeted exposure to the sports betting and iGaming industry by tracking the Morningstar Sports Betting & iGaming Select Index. The ETF invests at least 80% of its net assets in component securities of the index, which comprises common stocks, American Depositary Receipts, and Global Depositary Receipts of domestic and foreign companies involved in online sports betting, internet gaming, sportsbook operations, online casino operations, and related technology and infrastructure providers; top holdings include Flutter Entertainment plc, Super Group (SGHC) Limited, Lottomatica Group Spa, DraftKings Inc., Genius Sports Limited, and Sportradar Group AG, among approximately 29-33 global holdings concentrated in consumer discretionary equity with a tilt toward companies deriving higher income from these themes. BETZ trades on the NYSE Arca exchange with an expense ratio of 0.75%, options trading availability, and annual index rebalancing. Launched on June 4, 2020 by Roundhill Investments LLC, an SEC-registered investment adviser founded in 2018 and headquartered at 154 W 14th Street, 2nd Floor, New York, NY, the ETF initially tracked the Roundhill Sports Betting & iGaming Index before transitioning to the Morningstar index effective upon the close of trading on September 29, 2023, following an announcement on September 18, 2023, to enhance alignment with evolving market dynamics and provide purer exposure to sports and online betting companies. The fund targets retail and institutional investors seeking growth in a sector projected to expand at a 40% compound annual growth rate for U.S. online sports betting and 28% for U.S. iGaming from 2018 to 2033, driven by digitization trends, legalization momentum, and regulatory improvements unlocking new regional markets across the United States, Europe, Australia, and other global regions. As the world's largest gambling ETF with assets under management around $72-85 million, BETZ operates passively and focuses on diversified thematic equity in the consumer cyclical sector without direct involvement in operations beyond index replication.