How to Invest in Sports Betting

If you are serious about sports betting, the very first way of investing in it is the sportsbook companies. It is a very common option to invest in companies that are closely or directly associated with sports betting. It can be the companies that are running the sports betting apps and providing the players with a platform to bet.

When it comes to sportsbook companies, the top players in the that you can opt for investment are DraftKings (DKNG), Rush Street Interactive (RSI), and Flutter (PDYPY). DraftKings is one of the biggest and most well-known companies in the world of sports betting. It can be a great investment option for you as it is getting bigger and bigger with the passing years. In the year 2021, it had even partnered with National Football League. The company is focusing on rapid expansion.

Next, you can also consider investing in Rush Street Interactive. While it is a smaller and newer company, its main focus is on sporting events and online games. You can also invest in Flutter. In addition to these companies, you can find other prominent players in the industry and make lucrative investments.

Are you in search of some broad exposure in the sports gambling market? If yes, the gaming ETFs can be your best bet. For people looking to bet on the overall growth of the section, gaming ETFs are the best option. In this, you do not have to pick a winner. Moreover, you can even play the reopening trade as people go to the casino more.

If you are thinking of investing in ETFs, here are the two best funds that you can select.

VanEck Vectors Gaming ETF –

This fund has a broader sample of popular betting companies. It consists of a number of popular traditional casino operators as well as sports betting companies. The expense ratio of this fund is about 0.65 percent.

Roundhill Sports Betting and iGaming ETF –

This is another popular fund that you can choose to bet on. It is a relatively newer fund. It focuses on online gaming and sports betting. If you are looking for pure play in the sector, this can be the right option for you. The expense ratio of this fund is 0.75 percent.

Gaming companies are yet another way you can invest in Esports betting. You can consider investing in the large gaming companies that are popularly known as casinos. A number of casinos run online sportsbooks as well as sportsbooks. However, you can also get the option to invest in hotel operations and gambling.

Some of the top gaming companies that you must opt for are:

Las Vegas Sands (LVS)

– It is a popular company that runs a number of casino companies such as the Venetian Macao and the Marina Bay Sands. Recently, it is starting to embrace sports and online gambling.

The tech providers can also be your investment option in the world of sports betting. Apart from directly investing in the gaming companies, you can invest in the technology companies behind the games. When it comes to the tech providers, the two popular names are Kambi Group and GAN.

Kambi Group is a company that offers sports betting technology to traditional as well as online casinos. GAN is another company that offers a wide range of gaming software to different companies in the industry. This company supports virtual simulated gaming, online gambling, as well as sports betting.

Racetracks are yet another popular option for investment in sports betting. Especially if you are interested in horse racing, you can invest in the racetracks while enjoying the race. Churchill Downs is a popular option when it comes to racetracks. This racetrack is mainly associated with Kentucky Derby. However, apart from this annual race, there are various other important events held on the racetrack that are eligible for Esports awards.