- Roundhill Investments’ Sports Betting & iGaming ETF (BETZ) is up 25.33%.
- Invesco’s Next Gen Media and Gaming ETF (GGME) is up 19.88%.
That boon has also led to an influx of new products, like Roundhill’s ETF, which launched in 2020 during the height of the pandemic. “Looking ahead, we expect further growth through mobile gaming and wagering,” said Dave Mazza, Roundhill’s CEO. “We think BETZ is best used as a satellite exposure.”For Blancato,
gambling ETFs are best utilized in small doses — no more than a 3% or 4% allocation — and in bullish markets environments.
Bankroll the Dice. One thing that could be a game-changer is integration with traditional banks. As gambling becomes more integrated into retail investors’ everyday lives, Blancato predicts these ETFs will have stakes in banks in the near future. “There's going to be crosscurrents between your banking account and your gaming account,” he said. “If there's a crossover into the mainstream by making [gambling] part of your greater financial picture, I think it could change the narrative.”
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