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DraftKings Trading Volume Surges to $374 Million, Ranks 260th Despite Stock Price Drop
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 8:10 pm ET1min read
On June 13, 2025,
(DKNG) saw a significant increase in trading volume, reaching $374 million, a 46.02% rise from the previous day. This surge placed DraftKings at the 260th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of DraftKings fell by 3.90%.DraftKings has announced the implementation of a 50-cent transaction fee on all mobile and online bets placed in Illinois through its sportsbook platform. This move follows a similar decision made by rival FanDuel, which also introduced a $0.50 transaction fee on each bet placed on its platform in Illinois. The new fee will take effect starting September 1, 2025.
DraftKings cited the tripling of the tax rate in Illinois over the past two years as a key factor in its decision to implement the surcharge. The company expressed disappointment with the increased tax burden and stated that the transaction fee is necessary to offset these tax headwinds. This announcement comes as DraftKings continues to navigate the evolving regulatory landscape in the sports betting industry.
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