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How to Invest in Sports Betting

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Looking to invest in sports betting?

Have you heard about the Roundhill Sports Betting and iGaming (BETZ) ETF which was launched by Roundhill Investments?

Whether you're looking for an ETF or a single-stock, the sports betting space is heating up.

David Dierking, who writes TheStreet's ETF Focus joined TheStreet to talk about sports betting ETF's and the sector as a whole.

He specifically talks about  (BETZ) - Get Roundhill Sports Betting & iGaming ETF Report.

And this comes after Penn National  (PENN) - Get Penn National Gaming Inc. Report was initiated with a buy from Goldman Sachs by analyst Stephen Grambling. 

He put a $60 price target on the stock.

“PENN sits at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting,” Grambling wrote in the note.

More: Jim Cramer on PENN and Return of Sports

Penn National "has unique positioning relative to peers based on mobility and COVID-19 data analysis,” he said. “This … guides our near-term segment earnings before interest, taxes, depreciation, and amortization above consensus expectations.”

In addition, “we believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and sports betting models,” Grambling says.

Watch the video above for Dierking's full commentary on the ETFs within the sports betting sector.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

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