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Sports-Betting Stocks Score Big Right Before the Super Bowl

  • The BETZ exchange-traded fund has rallied 4.2% this week
  • Penn National posts best week since August, gaining 8.3%
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Photographer: Gabby Jones/Bloomberg
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Investors are betting on this Sunday’s Super Bowl in more ways than one. 

In the week leading up to the final American football game of the season, sports-betting stocks have soared. The Roundhill Sports Betting & iGaming exchange-traded fund (BETZ) -- which has giants DraftKings Inc. and Penn National Gaming Inc. among its top holdings -- has jumped 4.2% in the span. Both companies have gained at least 6.6% since last Friday, and Penn posted its best week since August.