McNeil Hector HANetf ETF

HANetf : US boosts sports betting and iGaming

HANetf : ETF highlights US boost for sports betting and iGaming as market consolidates

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Hector McNeil, co-Founder and co-CEO at HANetf

  • US states preparing legislation to permit sports betting and iGaming with the New York State Gaming Commission listing applicants for online sports betting licences
  • US Sports Betting and iGaming market is expected to hit $53 billion by 2033 compared with $2.3 billion last year with Europe and Asia forecast to grow strongly
  • Industry consolidation continues with major transactions worth $3.6 billion agreed recently
  • BETS, which is distributed on the HANetf platform, is Europe’s first sports betting and iGaming ETF

Regulators are moving rapidly to permit sports betting and iGaming in more US States as the market continues to consolidate boosting hopes for long-term growth, the Fischer Sports Betting & iGaming UCITS ETF – Acc (LSE ticker BETS) says.

The New York State Gaming Commission has listed six primary applicants for online sports betting licences with more US states expected to follow building on similar regulatory changes in markets such as Macau and Singapore which fuelled massive growth in a short period of time .

Aaron Fischer, a spokesperson for the Fischer Sports Betting & iGaming UCITS ETF – Acc, which is listed on the London Stock Exchange, Borsa Italiana and Deutsche Borse Xetra believes the market is also benefiting from a switch to regulated platforms as well as growing interest in sports betting as a leisure activity and technological improvements including the expansion of products such as in-play gaming.

The industry is continuing to consolidate with major deals including the acquisition of Golden Nugget Online Gaming by DraftKings worth $1.6 billion and Penn National Gaming acquiring The Score Media and Gaming for $2 billion .

Goldman Sachs has forecast the US Sports Betting and iGaming market will expand to $53 billion by 2033 from just $2.3 billion in 2020 with strong growth also expected in Europe and Asia .

Aaron Fischer, co-Founder of the Fischer Sports Betting and iGaming UCITS ETF said:

“The Sports Betting and iGaming industry has had a very volatile last few weeks and months with positive news flow which is driving up investment interest in the sector.

“Regulatory changes giving US states the right to legalise Sports Betting and iGaming is the major growth catalyst. Unlike other high growth industries digital gaming can deliver high margins for leading operators in the near-term with expected EBITDA margins of 25% to 35% according to Morgan Stanley .”

BETS, which listed in London in June, tracks the Solactive Fischer Sports Betting and iGaming index which is focused on companies that derive significant revenue from Sports Betting and iGaming with 32 constituents originally of equal weight.

Recent industry consolidation has included four transactions between four companies in the index – Draft Kings, Golden Nugget Online Gaming, Penn National Gaming and The Score Media and Gaming.

Companies in the index include B2C online focused brands such as Rush Street Interactive, omnichannel brands which have casinos such as MGM Resorts and service providers to B2C companies including technology, sports data providers and media and affiliate marketing companies.


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