Three safe bets on the growing online gambling sector

Professional investor Aaron Fischer, creator of the Fischer Sports Betting and iGaming ETF, picks three of his favourite online gambling stocks.

We have a bullish view on the global sports betting and iGaming (online gambling) industries. We are most excited by the US market, where Goldman Sachs expects revenues to increase 23-fold from $2.3bn in 2020 to $53bn in 2033 – a compound annual growth rate of 27%. The key growth drivers are pent-up demand and an easing regulatory environment, which now allows individual US states to decide whether to legalise sports betting and/or iGaming. Morgan Stanley expects the number of states offering sports betting to increase from seven in 2018 to 39 in 2024.

There is now also greater social acceptance of betting on sports. Technological improvements have led to better product offerings, such as the wider availability of “in-play” betting (placing a bet during a live event), and a better overall user experience, such as live-sports streaming directly within sports-betting apps.

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Aaron Fischer

Aaron Fischer is the creator of the Fischer Sports Betting and iGaming UCITS ETF