Tiger Brokers

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

MT Newswires Live
11 hours ago

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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