5 Best Casino ETFs to Buy in Q3 2024

The global casino market has been growing at a rapid rate in recent years. This page picks five of the top casino ETFs for the year ahead.
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Updated: Jul 8, 2024

The casino industry has been around for years and companies in this sector have produced growth for investors in most economic conditions. Investing in casino ETFs is an easy way to get exposure to the best stocks in the industry. Our guide picks five of the top casino ETFs for the coming year and tells you where to buy them. 

What are the top casino ETFs to buy?

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In the table below we’ve listed the best five casino ETFs selected by our expert analysts. You’ll find each one’s ticker symbol and name. Continue scrolling to learn why we recommend these ETFs.

#ETF symbolETF nameLearn more
1BETZRoundhill Sports Betting & iGaming ETFLearn more >
2BJKVanEck Gaming ETFLearn more >
3VICEAdvisorShares Vice ETFLearn more >
4BEDZAdvisorshares Hotel ETFLearn more >
5EWHiShares MSCI Hong Kong ETFLearn more >
List chosen by our team of analysts, updated July 2024

1. Roundhill Sports Betting & iGaming ETF (BETZ)

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  • Assets: $82 million
  • Expense ratio: 0.75%
  • Year of inception: 2020
  • P/E Ratio: N/A
  • Dividend yield: N/A

Top of our list is the Roundhill Sports Betting & iGaming ETF, which is designed to offer investors exposure to sports betting and iGaming industries. It’s one of the largest ETFs dedicated to gambling with just under $100 million dollars in assets. BETZ includes companies that are actively involved in the sports betting and iGaming industries. 

It contains 40 holdings and uses a tiered weighting system which means it allocates more of the fund to what it believes are stronger companies. Although its focus is towards sports and gaming, it holds a number of well known casino stocks. Companies including MGM Resorts, Caesars Entertainment, and Wynn Resorts. It also has companies in the sports gambling industry like Flutter Entertainment, DraftKings, Entain, and SportRadar.

BETZ has a global portfolio of gambling stocks, however much of its fund is focused in Europe and the United States. However, its business has struggled in the past few years as the sports betting industry has slowed. As a result, by mid-June 2024, the stock was down by more than 45% in the previous five years. It is also a highly expensive company with an expense ratio of 0.75%.

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2. VanEck Gaming ETF (BJK)

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  • Assets: $37 million
  • Expense ratio: 0.72%
  • Year of inception: 2008
  • P/E Ratio: N/A
  • Dividend yield: N/A

Similar to the Roundhill above, BJK consists of 40 holdings although it has a larger number of casino stocks. It seeks to track the performance of the MVIS global gaming index and is a pure play gambling fund containing companies from around the world. Its investments are companies in the casino hotels, sports betting, gaming technology, and gaming equipment.

The VanEck Gaming ETF tracks companies from over 14 countries, with most of them being from the United States, Australia, Ireland, China, and Sweden. VICI Properties, the biggest company in the fund, is a Real Estate Investment Trust (REIT) that provides buildings for most casino companies. 

The other large companies in the fund are Flutter Entertainment, Draftkings, Evolution, Las Vegas Sands, Aristocrat Leisure, and Gaming and Leisure Properties. All these are firms with a large market share in their industries. For example, Flutter owns some well-known brands like Fanduel, Sisal, Paddypower, and Sportsbet. 

VanEck not only provides exposure to physical casinos but also casino-related real estate, online gambling, and the technologies required to facilitate betting online. Investing in it could make a good addition to a well-balanced portfolio while getting access to some of the best casino businesses globally. Like BETZ, this fund is highly expensive, with its expense ratio of 0.72%.

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3. AdvisorShares Vice ETF (VICE)

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  • Assets: $7 million
  • Expense ratio: 0.99%
  • Year of inception: 2017
  • P/E Ratio: N/A
  • Dividend yield: N/A

The AdvisorShares VICE ETF is not necessarily a casino ETF. Instead, it is a fund that invests in industries that people find pleasure in regardless of the economic situation. Some of these industries are tobacco, alcohol, gaming, and restaurants.

The fund is made up of several well-known companies in the casino industry like MGM Resorts, Light & Wonder, Boyd Gaming, and Gaming & Leisure Properties. 

It is an actively managed ETF which means it does not follow a traditional index-tracking strategy like many other ETFs. Instead, its fund manager has direct control over its holdings allowing for quicker and more opportunistic adjustments. It is heavily geared towards U.S. based companies where nearly 90% of the fund is invested. 

Gambling and casinos make up a large portion of its 40 holdings and included in its top ten are many casino real estate developers. It offers an easy way to invest in the top casino stocks from around the world and has shown it can hold up well in tough economic climates. However, VICE is a very small, highly illiquid, and expensive ETF to invest in with its expense ratio of 0.99%.

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4. Advisorshares Hotel ETF (BEDZ)

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  • Assets: $3.3 million
  • Expense ratio: 1%
  • Year of inception: 2021
  • P/E Ratio: N/A
  • Dividend yield: N/A

Another ETF from Advisorshares joins our list, although this one isn’t a specific casino fund, rather it focuses on the hotel industry. However, many of its hotel holdings also operate casinos, giving it a different approach to investing in gambling. It invests in hotels and casinos around the world, although most of its holdings are U.S. based. 

With just under 30 stocks, it operates a tired weighting system meaning how much of a single company the fund holds is decided by its manager. Some of North America’s leading casinos are held by BEDZ including Golden Entertainment, Century Casinos, Monarch Casino, and Boyd gaming group. 

The Advisorshares hotel ETF gives investors an indirect way to invest in the casino industry, while also capitalising on the wider hotel and leisure sectors. Like VICE, this is a small ETF with just $3.3 million in assets, making it a highly illiquid fund. It is also highly expensive, with an expense ratio of 1%, making it less ideal.

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5. iShares MSCI Hong Kong ETF (EWH)

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  • Assets: $491 million
  • Expense ratio: 0.50%
  • Year of inception: 1996
  • P/E Ratio: N/A
  • Dividend yield: 4.99%

Taking the last place on our list is the iShares MSCI Hong Kong ETF. Similar to the Advisorshares ETF above, EWH gives investors an indirect way to invest in the casino industry while focusing on the Asian market. More specifically the Macau gambling sector which is four times the size of Nevada. 

Included in EWH are over 30 stocks located in Hong Kong with many being gambling related. Some of its top casino holdings include Galaxy Entertainment group, a company that operates multiple casinos in Macau and Sands China, a leading developer of hotels and casinos in the region. 

Not only does EWH give exposure to casino stocks, it also includes some of Hong Kong’s top companies such as AIA. Investing in the iShares MSCI is an easy way to gain exposure to the growing Macau gambling market, which is set to continue growing, while also benefiting from some of Hong Kong’s best companies.

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Where to buy the best casino ETFs

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Buying and selling ETFs can be done in the same way as stocks. That means before investing you’ll need to register with a broker. The table below shows some of the best ETF brokers. Click through to the links to sign up in a few minutes.

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What is a casino ETF?

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An ETF is an exchange traded fund that is available to buy on a stock exchange. Each fund is designed to track the performance of a particular index or industry. There are no pure play casino ETFs, although there are many that focus on gambling and gaming which we’ve included in our top five list above. 

Are casino ETFs a good investment?

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They can be, but there is a lot to consider before making a decision. The casino industry has performed well in recent years and as many companies in the sector move to online gambling, it’s only set to grow. On the other hand, physical casinos were hit hard during the pandemic and have yet to recover, so could prove to be riskier investments. 

Casino ETFs are few and far between and there are only a couple that are directly associated with gambling only. However, there are many ETFs that include casino stocks within their funds making it easy for investors to gain exposure to a wider market, while still focusing on gambling. 

Whatever you decide to do, it’s always a good idea to keep up to date with the latest news and market analysis which you can do by clicking on the links below. It’s also helpful to conduct in depth technical and fundamental analysis before investing. Above all, you’ll need a reputable broker before buying and if you click the button below, you’ll be taken to our list of expertly selected ones.

Sign up to a broker to buy casino ETFs

Methodology: How we choose the best casino ETFs

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At Invezz, we are dedicated to helping investors make informed decisions by providing authoritative, accessible, and engaging advice and recommendations. Our curated section of the best Exchange-Traded Funds (ETFs) is carefully selected by our team of experienced market analysts and reviewed by a sub-editor. This methodology outlines the rigorous process we follow to ensure our ETF recommendations are up-to-date, reliable, and insightful.

  • Analyst research & recommendations: Our seasoned market analysts use their in-depth sector knowledge to identify ETFs with strong potential, ensuring they meet high standards of performance, liquidity, and market potential.
  • ETF evaluation: We evaluate ETFs based on their underlying assets, historical performance, expense ratios, and tracking accuracy, alongside macroeconomic factors and sector trends.
  • Fund performance reports: We assess ETFs through the latest performance reports, analyzing key metrics like returns, volatility, expense ratios, and assets under management (AUM).
  • Sector analysis and external recommendations: Our detailed sector analysis, combined with recommendations from reputable sources like Barron’s and Zacks, provides an additional layer of validation for our selections.
  • Quarterly review & refresh: We update our curated ETF list quarterly, re-evaluating each ETF based on the latest reports, industry developments, and market conditions to ensure our recommendations reflect the most current information available.

Sources & references
Risk disclaimer
Crispus Nyaga
Market Analyst
Crispus is a Financial Analyst for Invezz covering the stock, cryptocurrency and forex markets. He’s an experienced analyst with more than 8 years of industry experience.... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.