The iBET Sports Betting and Gaming ETF (IBET) has been gaining some ground in the last month shooting up +11.13%. The announcement of Macau reopening its doors paired with Las Vegas having a great summer for sports betting and gaming are both helping aid in the growth of IBET. The top five holdings of IBET are, Flutter Entertainment (FLTR) 6.38%, DraftKings (DKNG) 6.19%, Evolution AB (EVO) 5%, PENN Entertainment (PENN) 4.77%, and Churchill Downs Incorporated (CHDN) 4.77%.
ETF Newz Says:
The new growth for IBET comes as the sports betting and gaming industry is getting the ball rolling again.