DraftKings, Kalshi Benefit From Super Bowl Betting Volumes, BofA Says

MT Newswires Live
02/10

DraftKings (DKNG) and Kalshi ranked in the top five on Apple's (AAPL) App Store on Sunday as betting interest around the NFL's Super Bowl surged, BofA Securities said Monday in a note.

Kalshi was No. 2 in the App Store rankings and DraftKings was No. 5 overall, while also leading the sports category, BofA said.

Total volumes for Kalshi reached $871 million on Sunday, topping its prior daily record by 60%, the report said.

Polymarket offered the best payout for the favored Seattle Seahawks, BofA said.

Flutter Entertainment's (FLUT) FanDuel ranked No. 3 on the App Store in the sports segment, the report said.

DraftKings shares rose 3% in Monday trading, and Flutter gained 1%.

Price: 27.41, Change: +0.79, Percent Change: +2.97

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