Investors are turning to exchange-traded funds (ETFs) to get in on the U.S. online gambling action. With over 30 states legalizing sports betting and iGaming growing, ETFs offer a diversified and regulated way to back the industry — without betting on individual stocks.

Points to note:

  • BETZ is one of the top funds, holding stocks like DraftKings, Flutter Entertainment and Evolution AB.
  • BETZ lost over 40% in 2022 but is up in 2024 as interest picks up again.
  • VanEck Gaming ETF and Invesco Dynamic Leisure and Entertainment ETF also offer gambling-related stocks, but with broader portfolios.
  • Investors like ETFs for less volatility and diversified risk compared to single stock bets.
  • Legal sports betting generated record revenue in multiple U.S. states so the long-term outlook is bright.

According to Investopedia, institutional interest in these ETFs is growing as regulatory clarity improves and gambling revenue hits new highs.

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