Roundhill Investments - Sports Betting & iGaming ETF (BETZ)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Roundhill Investments - Sports Betting & iGaming ETF (BETZ) with AI Score 44/100 (Weak). The Roundhill Sports Betting & iGaming ETF (BETZ) is the world’s largest gambling ETF, focusing on companies in the sports betting and iGaming industries. Market cap: 0, Sector: Financial services.
Last analyzed: Mar 17, 2026Roundhill Investments - Sports Betting & iGaming ETF (BETZ) Financial Services Profile
Roundhill Sports Betting & iGaming ETF (BETZ) provides targeted exposure to the sports betting and iGaming sectors, tracking the Morningstar Sports Betting & iGaming Select Index. As the largest gambling ETF, BETZ offers investors access to companies benefiting from the improving regulatory environment surrounding online gambling and related technologies.
Investment Thesis
The Roundhill Sports Betting & iGaming ETF (BETZ) presents an investment opportunity centered on the growth of the sports betting and iGaming industries, driven by increasing legalization and technological advancements. With a beta of 1.31, BETZ exhibits higher volatility compared to the broader market, reflecting the high-growth nature of the sector. The ETF's value is tied to the expansion of regulated online gambling markets and the adoption of related technologies. Key catalysts include ongoing regulatory changes in various jurisdictions, which could open new markets and increase revenue opportunities for companies within the ETF. However, potential risks include regulatory setbacks, increased competition, and technological disruptions that could impact the performance of the underlying holdings. As of 2026, the ETF has a market cap of $0.05 billion.
Based on FMP financials and quantitative analysis
Key Highlights
- Tracks the Morningstar Sports Betting & iGaming Select Index, providing targeted exposure to the sports betting and iGaming industries.
- Largest gambling ETF, offering investors a convenient way to participate in the growth of the online gambling market.
- Beta of 1.31 indicates higher volatility, reflecting the high-growth potential and associated risks of the sector.
- Focused on companies that benefit from the increasing legalization and adoption of sports betting and iGaming.
- Market capitalization of $0.05 billion as of March 17, 2026.
Competitors & Peers
Strengths
- Targeted exposure to a high-growth sector (sports betting and iGaming).
- Diversified portfolio of companies in the industry.
- Tracks a well-defined index (Morningstar Sports Betting & iGaming Select Index).
- First-mover advantage as the largest gambling ETF.
Weaknesses
- High beta (1.31) indicates higher volatility.
- Concentrated focus on a single sector.
- Vulnerable to regulatory changes and market sentiment.
- Relatively small market capitalization ($0.05 billion).
Catalysts
- Ongoing: Increasing legalization of sports betting in new states and countries.
- Ongoing: Technological advancements in iGaming enhancing user experience.
- Ongoing: Increasing mobile adoption for online gambling.
- Upcoming: Potential partnerships and acquisitions within the sports betting and iGaming industries.
- Upcoming: Growth in emerging markets as they adopt online gambling.
Risks
- Potential: Regulatory setbacks and increased competition.
- Potential: Technological disruptions that could impact the performance of underlying holdings.
- Potential: Economic downturns that could reduce consumer spending on gambling.
- Potential: Negative publicity or scandals related to the sports betting and iGaming industries.
- Ongoing: High beta (1.31) indicates higher volatility.
Growth Opportunities
- Expansion of Legalized Sports Betting: The ongoing legalization of sports betting in new states and countries presents a significant growth opportunity for BETZ. As more jurisdictions legalize sports betting, the market size expands, increasing the potential revenue for companies within the ETF. The timeline for this growth is continuous, with new states and countries expected to legalize sports betting over the next several years. This expansion will drive increased investment and participation in the sports betting market, benefiting BETZ and its investors.
- Technological Advancements in iGaming: Technological advancements in iGaming, such as virtual reality (VR) and augmented reality (AR), are enhancing the user experience and attracting new customers. Companies within BETZ are investing in these technologies to create more immersive and engaging gaming experiences. The adoption of these technologies is expected to accelerate over the next few years, driving growth in the iGaming market. This technological innovation will lead to increased user engagement and revenue, benefiting BETZ and its investors.
- Increasing Mobile Adoption: The increasing adoption of mobile devices for online gambling is driving growth in the sports betting and iGaming industries. Mobile platforms provide convenient and accessible ways for users to participate in online gambling, expanding the market reach. Companies within BETZ are focusing on developing mobile-first strategies to capitalize on this trend. The continued growth of mobile adoption will drive increased user engagement and revenue, benefiting BETZ and its investors.
- Partnerships and Acquisitions: Strategic partnerships and acquisitions within the sports betting and iGaming industries are creating synergies and expanding market reach. Companies within BETZ are actively pursuing partnerships and acquisitions to strengthen their market position and gain access to new technologies and markets. These strategic moves are expected to drive growth and increase the overall value of the companies within the ETF. The timeline for these partnerships and acquisitions is ongoing, with new deals expected to emerge regularly.
- Growth in Emerging Markets: Emerging markets present a significant growth opportunity for the sports betting and iGaming industries. As these markets develop and adopt online gambling, the potential for revenue growth is substantial. Companies within BETZ are exploring opportunities to expand their operations into emerging markets. The timeline for this growth is long-term, with emerging markets expected to gradually adopt online gambling over the next decade. This expansion into new markets will drive increased revenue and growth for companies within BETZ.
Opportunities
- Expansion of legalized sports betting in new jurisdictions.
- Technological advancements in iGaming (VR, AR).
- Increasing mobile adoption for online gambling.
- Growth in emerging markets.
Threats
- Regulatory setbacks and increased competition.
- Technological disruptions that could impact the performance of underlying holdings.
- Economic downturns that could reduce consumer spending on gambling.
- Negative publicity or scandals related to the sports betting and iGaming industries.
Competitive Advantages
- First-mover advantage as the largest gambling ETF.
- Diversified portfolio of companies in the sports betting and iGaming industries.
- Tracks a well-defined index (Morningstar Sports Betting & iGaming Select Index).
- Established brand recognition and reputation in the ETF market.
About BETZ
Roundhill Investments believes that an improving regulatory environment results in a compelling investment thesis for sports betting and iGaming companies. The Roundhill Sports Betting & iGaming ETF (BETZ) is designed to capitalize on this trend by providing investors with focused exposure to companies operating in these sectors. BETZ was created to track the performance of the Morningstar Sports Betting & iGaming Select Index, which includes companies that are actively involved in sports betting and iGaming. This includes online gambling platforms, technology providers, and other related businesses that support the growth of the industry. The ETF's investment strategy centers around identifying and including companies that are poised to benefit from the increasing legalization and adoption of sports betting and iGaming across various jurisdictions. By tracking the Morningstar index, BETZ aims to deliver a diversified portfolio that reflects the overall performance of the sports betting and iGaming market. The fund’s holdings are weighted to reflect the relative importance of each company within the index, ensuring that the ETF accurately represents the market dynamics and investment opportunities available in this rapidly evolving space. Roundhill Investments manages BETZ with the goal of providing investors with a convenient and efficient way to participate in the potential growth of the sports betting and iGaming industries.
What They Do
- Tracks the performance of the Morningstar Sports Betting & iGaming Select Index.
- Provides investors with targeted exposure to companies in the sports betting and iGaming industries.
- Offers a diversified portfolio of companies involved in online gambling platforms, technology providers, and related businesses.
- Seeks to capitalize on the increasing legalization and adoption of sports betting and iGaming across various jurisdictions.
- Manages the ETF to reflect the overall performance of the sports betting and iGaming market.
- Provides a convenient and efficient way for investors to participate in the potential growth of the sports betting and iGaming industries.
Business Model
- Generates revenue through management fees charged to investors.
- Tracks the Morningstar Sports Betting & iGaming Select Index to provide targeted exposure to the sports betting and iGaming sectors.
- Offers a diversified portfolio of companies involved in online gambling platforms, technology providers, and related businesses.
Industry Context
The sports betting and iGaming industries are experiencing rapid growth, driven by the increasing legalization of online gambling in various jurisdictions and technological advancements that enhance the user experience. The market is characterized by intense competition among established players and new entrants, all vying for market share. Roundhill Sports Betting & iGaming ETF (BETZ) is positioned to capitalize on this growth by providing investors with a diversified portfolio of companies operating in these sectors. The ETF's performance is closely tied to regulatory developments and the overall adoption of online gambling, making it a compelling investment option for those seeking exposure to this dynamic market.
Key Customers
- Institutional investors seeking exposure to the sports betting and iGaming industries.
- Retail investors interested in participating in the growth of the online gambling market.
- Financial advisors looking to diversify client portfolios with exposure to the sports betting and iGaming sectors.
Financials
Chart & Info
Roundhill Investments - Sports Betting & iGaming ETF (BETZ) stock price: Price data unavailable
Latest News
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Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BETZ.
Price Targets
Wall Street price target analysis for BETZ.
MoonshotScore
What does this score mean?
The MoonshotScore rates BETZ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Roundhill Investments - Sports Betting & iGaming ETF Stock: Key Questions Answered
What does Roundhill Investments - Sports Betting & iGaming ETF do?
The Roundhill Sports Betting & iGaming ETF (BETZ) provides investors with targeted exposure to the sports betting and iGaming industries. It tracks the Morningstar Sports Betting & iGaming Select Index, which includes companies involved in online gambling platforms, technology providers, and related businesses. BETZ aims to capitalize on the increasing legalization and adoption of sports betting and iGaming across various jurisdictions, offering a diversified portfolio that reflects the overall performance of the sports betting and iGaming market. The ETF allows investors to participate in the potential growth of this dynamic sector through a convenient and efficient investment vehicle.
What do analysts say about BETZ stock?
Analyst coverage of BETZ is pending, but the ETF's performance is closely tied to the growth and regulatory developments within the sports betting and iGaming industries. Key valuation metrics to consider include the ETF's market capitalization, beta, and expense ratio. Growth considerations include the ongoing legalization of sports betting in new jurisdictions, technological advancements in iGaming, and increasing mobile adoption for online gambling. Investors should monitor these factors to assess the potential for future growth and returns. As of March 17, 2026, the ETF has a market cap of $0.05 billion and a beta of 1.31.
What are the main risks for BETZ?
The main risks for BETZ include regulatory setbacks, increased competition, and technological disruptions that could impact the performance of the underlying holdings. Regulatory changes in the sports betting and iGaming industries can significantly affect the revenue and profitability of companies within the ETF. Increased competition among established players and new entrants can also put pressure on market share and margins. Additionally, technological disruptions, such as the emergence of new gaming platforms or technologies, could render existing business models obsolete. Investors should be aware of these risks and monitor developments in the industry to assess their potential impact on the ETF's performance.
How does Roundhill Investments - Sports Betting & iGaming ETF generate revenue?
Roundhill Sports Betting & iGaming ETF (BETZ) generates revenue primarily through management fees charged to investors. These fees are calculated as a percentage of the ETF's assets under management (AUM). The ETF's revenue is directly tied to its ability to attract and retain investors, as well as the overall performance of the sports betting and iGaming industries. As the ETF's AUM grows, its revenue increases, providing Roundhill Investments with a steady stream of income. The ETF's expense ratio reflects the annual cost of managing the fund, including management fees and other operating expenses.
How is Roundhill Investments - Sports Betting & iGaming ETF adapting to fintech disruption?
Roundhill Sports Betting & iGaming ETF (BETZ) is adapting to fintech disruption by focusing on companies that are leveraging technology to enhance the user experience and drive growth in the sports betting and iGaming industries. The ETF includes companies that are developing innovative mobile platforms, utilizing data analytics to personalize the gaming experience, and integrating new technologies such as virtual reality (VR) and augmented reality (AR). By investing in these companies, BETZ aims to capitalize on the fintech disruption and provide investors with exposure to the future of online gambling. The ETF's investment strategy is continuously evolving to identify and include companies that are at the forefront of technological innovation in the sector.
What are the key factors to evaluate for BETZ?
Roundhill Investments - Sports Betting & iGaming ETF (BETZ) currently holds an AI score of 44/100, indicating low score. Key strength: Targeted exposure to a high-growth sector (sports betting and iGaming).. Primary risk to monitor: Potential: Regulatory setbacks and increased competition.. This is not financial advice.
How frequently does BETZ data refresh on this page?
BETZ prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven BETZ's recent stock price performance?
Recent price movement in Roundhill Investments - Sports Betting & iGaming ETF (BETZ) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Targeted exposure to a high-growth sector (sports betting and iGaming).. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for BETZ, which could provide additional insights.
- The sports betting and iGaming industries are subject to regulatory changes and market volatility.