DraftKings Trading Volume Surges 64% to $660M, Ranks 155th in Market Activity

On August 6, 2025, DraftKings (DKNG) saw a trading volume of $0.66 billion, a 64.3% increase from the previous day, ranking it 155th in market activity. The stock rose 0.93% to close the session.

DraftKings reported record second-quarter revenue of $1.51 billion, up 37% year-over-year, driven by increased customer engagement, a higher sportsbook hold rate, and favorable event outcomes. Earnings per share reached 38 cents, surpassing the 12-cent consensus. The company also set new records for net income and adjusted EBITDA, reflecting strong operational performance.

The firm reported 3.3 million Monthly Unique Payers, a 6% annual increase, with average revenue per user rising 29% to $151. CEO Jason Robins attributed this to improved promotional reinvestment and sportsbook efficiency. DraftKings currently operates mobile sports betting in 25 U.S. states and Washington D.C., covering 49% of the U.S. population, and plans to launch in Missouri later this year. iGaming services are active in five states, representing 11% of the U.S. population, with expansion in Ontario, Canada, covering 40% of its population.

The company repurchased 6.5 million shares under its buyback program in the first half of the fiscal year. CFO Alan Ellingson emphasized a focus on long-term shareholder returns through strategic growth initiatives. DraftKings maintained its full-year revenue guidance of $6.2 billion to $6.4 billion and adjusted EBITDA guidance of $800 million to $900 million, factoring in Missouri’s market entry and higher tax rates in select states.

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