The iBET (IBET) Sports Betting & Gaming ETF is up 10% YTD. Plenty of catalysts are upcoming for sports betting including, the Major League Baseball Season, the Masters, College Football and the NFL Season. During recessions, the gambling industry has historically demonstrated a degree of resilience and even growth in some cases. In 2008-09 US commercial casino revenues increased by 5.5% in 2008 and by another 1.3% in 2009.
ETF Newz Says:
A major catalyst for the industry will be the US listing of FanDuel. FanDuel is currently owned by Flutter an Ireland based company which is traded on the LSE.