Sports Betting Stocks made big moves on Tuesday. DraftKings (DKNG) was up nearly 12%. Penn National Gaming (PENN) was up nearly 7% and Caesars (CZR) was up nearly 6%. In the US the industry is growing, and in its infancy but in Europe it’s a more mature investment.
ETF Newz Says: An ETF is a great way to play this ever growing and changing space with a CAGR of 12% into 2027. The iBET (IBET) Sports Betting & Gaming ETF which has foreign gambling exposure as well as US stocks is a great way to get exposure. The ETF was up nearly 4% on Tuesday.