Bernstein Forecasts 2M DraftKings Prediction Accounts by Year-End; May Volumes Hit $3.1B
DKNG sits 47% above its 52-week low of $20.46.
Summary
DraftKings reported May annualized total volume surged 34% month-over-month to $3.1 billion, with consumer prediction volume up 24% to $1.3 billion. This follows the June 9th 8-K which first detailed the consumer prediction volume growth. Bernstein now forecasts 2 million funded Predictions accounts by year-end, including 650,000 incremental accounts during the 2026 World Cup. The company is also strategically pushing a 50-state super app to expand into restricted betting states. This new analyst forecast provides a specific, positive outlook on user growth for a key product, while the app strategy outlines a path for broader market penetration.
At the time of this announcement, DKNG was trading at $30.04 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $14.9B. The 52-week trading range was $20.46 to $48.78. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.