DraftKings Predictions Volume Jumps 34% to $3.1 Billion in May as Consumer Trading Hits $1.3 Billion
Updated
Updated · Seeking Alpha · Jun 9
DraftKings Predictions Volume Jumps 34% to $3.1 Billion in May as Consumer Trading Hits $1.3 Billion
1 articles · Updated · Seeking Alpha · Jun 9
Summary
May annualized total volume traded in DraftKings' Predictions offering climbed 34% from April to $3.1 billion, marking the company's latest monthly acceleration in the product.
Consumer volume also rose sharply, up 24% month over month to an annualized $1.3 billion, showing retail activity remained a major driver of the increase.
DraftKings said the figures are preliminary and unaudited, based on currently available operating data rather than finalized results.
The update highlights growing engagement in Predictions as DraftKings expands beyond its core sports-betting and iGaming businesses.