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DraftKings hits the jackpot with super app pivot
Key Points Interested in DraftKings Inc.? Here are five stocks we like better. DraftKings' June 9 SEC filing revealed its Predictions platform reached $3.1 billion in annualized total volume traded, up 34% from April.
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DraftKings stock soars as predictions volume explodes. DKNG’s next growth engine might just be getting started
DraftKings (DKNG) stock jumped 11.3% Tuesday and is up another 6% so far today after the company revealed another month of rapid growth for its emerging Predictions business. The move reflects the market’s optimism that the business could become a major new growth driver.
Looking ahead, DraftKings’ stated goal is to have the super app framework live nationwide, effectively covering all 50 states, but with the mix of products inside the app varying by local law. Shares of DraftKings ( DKNG) were up 1.4% in premarket trading on Tuesday.
DFS Millionaire Mike McClure reveals his daily Fantasy baseball picks, MLB DFS lineups for DraftKings and FanDuel
DraftKings continues to lead the way in live betting by delivering innovative ways for fans to engage with the game as it happens,” said Corey Gottlieb, chief product officer
The news shows accelerating DraftKings Predictions engagement: annualized consumer trading volume +24% MoM to $1.3B and total volume +34% to $3.1B. That’s the clearest near-term proof the platform is gaining users,
McClure is a DFS professional with over $2 million in career winnings. He's also a predictive data engineer at SportsLine who uses a powerful prediction model that simulates every minute of every game 10,000 times, taking factors like matchups, statistical trends and injuries into account.
Our sharps provide a thorough DraftKings sportsbook review for online sports bettors eager to discover what the Crown has in store for them before signing up.