October 2020 Rebalance for Roundhill Sports Betting & iGaming Index

by Index Committee / October 23, 2020

The Roundhill Sports Betting & iGaming Index held its regularly scheduled quarterly rebalance on Friday, October 16th. As part of the rebalance, four new securities were added to the Index: dMY Technology Group (DMYT); Flying Eagle Acquisition Corp (FEAC); Scout Gaming Group (SCOUT SS); and Tokyotokeiba (9672 JP).

  1. dMY Technology Group is a Special Purpose Acquisition Company which recently announced the acquisition of Rush Street Interactive. Rush Street is currently the U.S. leader in online casino as measured by May – July 2020 market share reports, primarily operating under its BetRivers and Sugarhouse brands. In September, Rush Street’s BetRivers sportsbook app had $117.7 million in handle in Illinois, which accounts for 84.2% of the market share. Rush Street is targeting 12-18% long-term market share in U.S online casino and 6-10% in U.S. online sports betting.

    Source: Rush Street, Legal Sports Report, E&K Gaming

  2. Flying Eagle Acquisition Corp is a Special Purpose Acquisition Company that recently announced its intention to merge with Skillz, a mobile iGaming company. Skillz, which allows users to compete against one another for cash prizes, has 40 million users and 30,000 developers on its platform. The company said it projects 2022 revenue to be $555 million.

    Source: CNBC, Skillz

  3. Scout Gaming Group is a licensed B2B fantasy sports and sports betting technology provider. Tokyotokeiba is an owner and operator of race tracks in Japan, offering online wagering.

    Source: Scout Gaming IR, Bloomberg

This is not a recommendation to buy or sell securities.


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