Average Daily Volume
17.5K
Fund Overview
The Roundhill Sports Betting & iGaming ETF (BETZ) is an exchange-traded fund that provides targeted exposure to companies involved in the global sports betting and iGaming industries. The fund seeks to track the performance of the Roundhill Sports Betting & iGaming Index, which includes companies that generate significant revenue from online gambling, sports betting, or related technology and services. BETZ offers investors a way to capitalize on the rapid growth of legalized sports betting and online gambling, particularly in markets like the United States where regulatory changes have opened new opportunities. The fund holds a diversified portfolio of global companies, including operators, technology providers, and ancillary service providers in the industry.
- Asset Class
-
Equity
- Industry
-
Leisure & Entertainment
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 0.64 %
- Currency Hedged
-
No
- Portfolio Turnover
-
N/A
- Dividend Date
-
Why Invest in the BETZ ETF?
Potential Benefits
- Provides exposure to the high-growth sports betting and iGaming sectors, which are benefiting from increasing legalization and adoption worldwide.
- Diversified portfolio includes global leaders in online gambling, sports betting platforms, and related technology providers.
- Offers a thematic investment opportunity tied to the convergence of technology, entertainment, and gambling.
- May benefit from continued regulatory tailwinds as more jurisdictions legalize online betting and iGaming.
- Liquidity and transparency of an ETF structure with the convenience of trading like a stock.
Potential Risks
- Regulatory risks: Changes in gambling laws or unfavorable legislation could negatively impact holdings.
- Sector concentration risk: Heavy focus on a niche industry makes the fund more volatile than broad-market ETFs.
- Competition: Intense rivalry among operators could pressure margins and profitability.
- Macroeconomic sensitivity: Discretionary spending on gambling may decline during economic downturns.
- Geopolitical risks: Operations in certain international markets may face political or currency risks.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
-11.4%
|
-1.3%
|
-2.6%
|
+8.3%
|
-3.6%
|
+0.2%
|
+2.3%
|
+1.2%
|
-16.0%
|
+2.3%
|
-
|
-
|
| 2025 |
+5.6%
|
+1.7%
|
-7.6%
|
+6.2%
|
+6.5%
|
+11.7%
|
+2.0%
|
+4.0%
|
-5.3%
|
-10.8%
|
-0.4%
|
+3.4%
|
| 2024 |
+1.8%
|
+1.8%
|
-0.7%
|
-5.7%
|
-0.5%
|
+1.8%
|
+3.5%
|
+1.7%
|
+5.6%
|
-2.6%
|
+11.1%
|
-6.8%
|
| 2023 |
+13.2%
|
0.0%
|
+0.2%
|
+4.6%
|
-3.1%
|
+6.3%
|
+6.2%
|
-5.6%
|
-9.6%
|
-7.1%
|
+9.5%
|
+7.5%
|
| 2022 |
-12.4%
|
-0.6%
|
-7.7%
|
-13.8%
|
-1.6%
|
-15.0%
|
+8.7%
|
-2.7%
|
-14.3%
|
+13.2%
|
+7.3%
|
-9.2%
|
| 2021 |
+7.1%
|
+10.0%
|
+1.1%
|
+3.3%
|
-0.7%
|
-3.9%
|
-9.7%
|
+13.9%
|
-3.6%
|
-0.4%
|
-19.4%
|
+2.8%
|
| 2020 |
-
|
-
|
-
|
-
|
-
|
-
|
+4.2%
|
+25.6%
|
+8.5%
|
-9.3%
|
+20.7%
|
+10.4%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
FLUT
|
FLUTTER ENTERTAINMENT PLC |
9.3 % |
|
DKNG
|
DRAFTKINGS INC ORDINARY SHARES CLASS A |
6.6 % |
|
GENI
|
GENIUS SPORTS LTD |
5.9 % |
|
SRAD
|
SPORTRADAR GROUP AG CLASS A |
5.1 % |
|
SGHC
|
SUPER GROUP (SGHC) LTD |
4.8 % |
|
CHDN
|
CHURCHILL DOWNS INC |
4.6 % |
|
RSI
|
RUSH STREET INTERACTIVE INC ORDINARY SHARES CLASS A |
4.2 % |
|
LNW
|
LIGHT & WONDER INC ORDINARY SHARES |
2.6 % |
|
MGM
|
MGM RESORTS INTERNATIONAL |
2.4 % |
|
PENN
|
PENN ENTERTAINMENT INC |
2.0 % |
Top 10 holdings shown, out of 32 total holdings.
Related ETFs: BETZ vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
BETZ tracks the Roundhill Sports Betting & iGaming Index, which uses a modified market-cap weighting methodology. The index includes companies that derive at least 50% of their revenue from sports betting, iGaming, or related products and services. Holdings include online gambling operators, sports betting platforms, lottery providers, and supporting technology companies. The fund is rebalanced quarterly to ensure it maintains appropriate exposure to the evolving industry landscape. BETZ primarily holds common stocks of domestic and international companies in the sector.
Frequently Asked Questions
What types of companies does BETZ invest in?
BETZ holds companies involved in online sports betting platforms, iGaming operators, gambling technology providers, and related services that facilitate digital wagering.
Is BETZ diversified geographically?
Yes, BETZ includes companies from multiple regions including North America, Europe, and Australia, reflecting the global nature of the online gambling industry.
How often does BETZ rebalance its holdings?
The fund rebalances its portfolio quarterly to maintain alignment with its underlying index and adapt to changes in the industry landscape.
Does BETZ pay dividends?
Any dividends paid by constituent companies are typically distributed to shareholders, though payout amounts may vary as many growth-oriented gambling companies reinvest profits rather than pay dividends.
Industry Overview
The sports betting and iGaming industry has experienced explosive growth following the U.S. Supreme Court's 2018 decision to overturn the federal ban on sports betting. BETZ provides exposure to this dynamic sector, which combines elements of technology, entertainment, and gambling. The global online gambling market is projected to continue expanding as more countries legalize and regulate the industry, mobile adoption increases, and betting technology improves. BETZ offers investors a way to participate in this growth through a single, diversified investment vehicle.
Alternative Comparison
Compared to GAMR (the ETFMG Video Game Tech ETF), BETZ offers more targeted exposure specifically to gambling-related companies rather than the broader gaming industry. Versus NERD (the Roundhill BITKRAFT Esports & Digital Entertainment ETF), BETZ focuses on the monetization aspect through betting rather than esports content and platforms. BETZ typically has a higher expense ratio than broad sector ETFs but offers more precise exposure to the sports betting theme. Unlike some competitors that may include casino operators, BETZ maintains a stricter focus on digital gambling platforms.
Issuer Overview
Roundhill Investments is the issuer of BETZ, a specialized ETF provider known for creating innovative thematic funds. The firm focuses on identifying long-term investment trends and packaging them into accessible ETF products. Roundhill employs a passive management approach for BETZ, tracking its proprietary index while maintaining transparency about holdings and strategy.
Conclusion
BETZ represents a compelling option for investors seeking targeted exposure to the growing sports betting and iGaming industry. While the fund carries higher risk due to its niche focus, it offers unique growth potential as legalization spreads and digital gambling adoption increases globally. Investors should consider their risk tolerance and the fund's volatility before allocating to this thematic investment.
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