FanDuel Sportsbook Gaffe Provides Lessons For NJ Sports Betting As A Whole

At the end of the day, FanDuel Sportsbook may have given the fledgling NJ sports betting market a chance to learn and improve the system.

It wasn’t the best week of publicity for FanDuel Sportsbook.

Even with its decision to pay off erroneous sports betting slips from the Denver Broncos’ win Sept. 16 over the Oakland Raiders, the New Jersey sportsbook garnered the wrong kind of attention last week.

Yet FanDuel’s arduous seven days provides lessons for future NJ sports betting operations.

#1: Making good when it didn’t have to

A “glitch” within the in-game system at the Meadowlands Racetrack last Sunday allowed “a small number of bets,” according to FanDuel, to take the Broncos — down two points and with possession late in the game — to beat Oakland at 750/1 odds during an 18-second window.

The result was a handful of tickets cashing in on inexplicably juiced odds, including one bettor turning $110 into more than $82,000.

Initially, the sportsbook in East Rutherford refused to pay, justified, in a way, by FanDuel Sportsbook’s house rules, which were approved by the NJ Division of Gaming Enforcement:

“FanDuel Sportsbook reserves the right to correct any obvious errors and to void any bets placed where such errors have occurred.”

Even DGE regulations address such an issue:

“A wagering operator shall not unilaterally rescind any wager pursuant to this chapter without the prior approval of the Division.”

After several days, FanDuel eventually made good on the tickets. But only after attracting the derision and contempt of the public.

FanDuel did not have to pay out winnings. But in a PR move, the sportsbook did so in order to maintain traction in an ever-growing regulated NJ market.

Recall that there are now eight online sportsbooks active in the state.

From FanDuel after announcing its decision to pay:

“Above all else, sports betting is supposed to be fun. As a result of a pricing error this weekend, it wasn’t for some of our customers. For eighteen seconds, bettors were offered odds paying out 750-1 on the Denver Broncos converting a 36 yard field goal. A 36 yard field goal has approximately an 85% chance of success, so the astronomical odds offered on something highly likely to occur was very obviously a pricing error. These kinds of issues are rare, but they do happen. We have clear house rules about how such obvious pricing errors are treated, which is to pay winners at the correct price.

“For those familiar with the industry these rules are understood, but we realize a lot of our customers are new to sports betting and were not familiar. We want FanDuel to be a sportsbook for all bettors, and we want sports betting to be fun. So, this one’s on the house. We are paying out these erroneous tickets and wish the lucky customers well. Going forward, we are working with the New Jersey Division of Gaming Enforcement to improve our processes and procedures. We will also work with others in the industry on educating bettors on these and similar instances and how they work.”

The PR move is sound, regardless of time lost. The intent was to avoid driving away future business while emphasizing the regulations in place in order to avoid setting precedent.

The lesson here: Educating the public about such situations, as FanDuel did in its statement, leads to a more-informed market.

#2: Stronger, clearer procedures in place

As noted above, FanDuel, in its statement, mentioned its desire to “work with others in the industry” to better educate bettors. Though that education should not be exclusive to the public.

As the DGE said in a statement to Legal Sports Report:

“The Division will continue to work with FanDuel and the State’s other licensed sports wagering operators to ensure the implementation of industry-wide best practices.”

FanDuel said it aims to collaborate with other operators as well as with the DGE to “improve our processes and procedures.”

How can we avoid such a PR disaster in the future, if God forbid, it happens again? How can we prevent such issues from arising again?

For FanDuel, and other sportsbook operators, that begins with examining the system and its algorithms that generate the lines. Of course, before even opening, those operations are examined by the state to ensure accuracy and credibility.

So here’s lesson number two: No harm comes from assessing the stability of the system again… and again… and again…

#3: Improved training and ticket approval

When this story first surfaced, a number of followers considered how much human involvement occurred in issuing the betting slips.

From FanDuel’s statement, we can infer that very little, if any, existed.

That said, at least at the ticket counters, those slips have to exchange hands somehow. Why not use that time of human interaction to again confirm the accuracy of the wager?

Of course, sportsbook employees endure a training process before hitting the facility floor. Perhaps, though, another aspect of that process needs to be instituted.

After all, when employees issue betting slips, it is vital that they are able to recognize any mistakes. Especially when it comes to events with long odds, the more eyes that scan the slip, the better.

Obviously, not everyone can spend as much time as they need to sign off on each ticket with 100 percent confidence. But as one style of teaching indicates, reading information out loud is a solid way to absorb information.

Say this procedure was in place last week. The wager is accepted, the slip is printed, and the employee picks it up and reads aloud: “Bet is $110 for the Broncos to win at +75,000…”

Think that “glitch” would be caught? The odds would be better.

The final lesson: Improved training and ticket approvals can mean the difference

This past week has certainly provided a number of lessons from which FanDuel and its colleagues can learn. But rest assured, there are plenty more takeaways.

Hopefully, at least from the perspective of the NJ sports betting industry, there won’t be much more to come.

One Million Bets Is So Two Weeks Ago; DraftKings Nearing Two Millionth Wager

Jason Robins, CEO of DraftKings, told CNN that the rise of DraftKings Sportsbook is thanks to football season and a mature NJ sports betting product.

Jason Robins opened a thought with pragmatism.

In an interview with CNN International this week, the DraftKings CEO made it clear that the DraftKings Sportsbook mobile app launched in New Jersey just last month. “So it’s still very early,” Robins said.

Yet even Robins cannot temper the meteoric rise of the first mobile NJ sports betting product.

“But I can tell you,” Robins continued, “every number we thought and projected, we’re shattering. It’s just unbelievable how much demand and how much excitement there is over sports betting.”

Why such enthusiasm? Just over two weeks after accepting its 1 millionth bet, DraftKings Sportsbook, Robins said, expects to eclipse 2 million wagers this weekend.

Speeding up growth

A few weeks after the US Supreme Court opened the door for New Jersey to legalize sports betting, DraftKings partnered with Resorts in Atlantic City to gain access to the Garden State market.

“Everybody knows there’s a big opportunity out there,” Robins said at the time. “It’s a new thing, so people are trying to see how they want to go about it, who they want to partner with. Anytime you’ve got a big market about to be created, there’s so much opportunity out there that everyone should benefit, as long as you do it the right way.”

Within the first week of August, DraftKings Sportsbook rolled out its mobile product — the first in NJ to do so. Even before the NFL and college football seasons kicked off, DraftKings Sportsbook was rolling.

In fact, in August, the mobile sportsbook nearly reached $3 million in gross revenue.

Now, a month after launching, the NJ gambling site accepted its one-millionth wager.

“It took us 38 days to get to our millionth bet,” Robins told CNN this week. “About 15 days later, this Sunday we are going to hit our 2 millionth bet.”

Football season playing a big role, but it’s not the only thing

In speaking with CNN, Robins offered a take that wasn’t exactly sizzling:

“The growth since NFL started is unbelievable. … Overall, the product’s growing, but it’s really the NFL season starting that’s making it take off. There were some days when we were processing 100,000 bets in a day.”

Of course sportsbooks, retail and mobile, anticipated a boom once the football season got underway. Hence why some states and many sports betting operations rushed to get the industry rolling before the opening kickoff.

The football season is only one factor, though, Robins said.

A year of preparations leading up to the SCOTUS ruling this past May allowed DraftKings Sportsbook to activate a “mature” product, which has helped the mobile sportsbook sprint out of the gate.

“Our focus this year was to make sure we had a product that everybody thought was the best in market,” Robins told CNN.

He added:

“I think the product we brought to the market has a lot of features that maybe over in Europe and more mature markets are more commonplace but are pretty new and pretty exciting for bettors in the US who haven’t been exposed to legal markets really ever.”

Stay the course, DraftKings

Interestingly, as much emphasis as DraftKings has placed on developing its sports betting product, Robins emphasized the company’s focus on maintaining a strong and steady daily fantasy sports service.

“The good thing for us is we still have a very exciting and growing fantasy sports business,” Robins said. “This (sports betting) was sort of like a bonus on top. Obviously, we’re hopeful and we’ll be doing our best to try to get as many laws passed and sensible regulations in place as possible to allow for more states to do sports betting.

“But from our perspective, there’s really no rush. We continue to have a lot of growth in our daily fantasy sports business and we think a lot of room’s left to really innovate there.”

Hitting Paydirt: Mobile NJ Sports Betting Hotspots For NFL Week 3

Another weekend of NFL football is upon us. Here are four NFL games to watch in Week 3, NJ sports betting apps to use, and promos to have in your pocket.

Sports betting in New Jersey has hit its stride. Three months of retail wagering set the stage for what the state had long awaited.

And now the industry is cashing in on America’s most popular sport.

With eight mobile sportsbooks operational in the Garden State, the selection for online bettors is expansive. And with Week 3 of the NFL season ready to kick off, here is a breakdown of where to go and on what games to wager for NJ sports betting.

Where to bet online in New Jersey

Since DraftKings Sportsbook became the state’s first mobile sportsbook at the beginning of August, the mobile wagering market in New Jersey has since swelled to eight products.

Mobile operations available in the Garden State (and the platforms where they can be accessed):

With a wide variety of mobile products comes an expansive list of betting options, from traditional moneylines and parlays to in-game betting and futures.

This week, we took a look at five of the mobile sportsbooks to find a select few NFL games worth considering.

NFL football games to watch…

Pittsburgh at Tampa Bay

The Tampa Bay Buccaneers, with Harvard Houdini QB Ryan Fitzpatrick aka Ryan Fitzmagic leading the way, have grabbed early-season headlines already.

With two wins against playoff teams from a year ago, including last week’s home victory against reigning Super Bowl champ Philadelphia, Fitzpatrick leads the league in passing yards and QB rating to help the Bucs stand as the second-highest scoring team in the NFL.

On the flip side, the Pittsburgh Steelers are winless with a Week 1 tie against Cleveland and last week’s loss against Kansas City. The Steelers are embroiled in the drama surrounding their star running back and wide receiver and, like Tampa, has a defense that has allowed more than 30 points per game thus far.

Despite the on-paper advantage for Tampa Bay, the Buccaneers sit as underdogs at most NJ sportsbooks. The moneyline for Tampa stands at +102 at FanDuel Sportsbook app and +105 at Caesars.

Certainly, the Bucs are due for a slide at some point, but they are red-hot at the moment.

Cincinnati at Carolina

Cincinnati Bengals fans are idly waiting for the moment the season turns sour. According to bookmakers, it could happen this week at the Carolina Panthers.

Yet the Bengals are 2-0 and stand as the fourth-highest scoring team in the league with QB Andy Dalton slinging like never before: 6 TDs against 1 interception.

Carolina (1-1) is among the best running teams in the NFL, though QB Cam Newton is the team leader and Cincinnati has allowed less than 71 rushing yards per game.

Most books have the Bengals as the underdog, though William Hill NJ lists the Cincy as a 3-point favorite and a +100 to cover the spread. (SugarHouse has Cincinnati as +104 to cover 2.5-point deficit.)

The moneyline is where the money lies, with the Bengals sitting around +130 at most books to win outright. (Additionally, BetStars has the game listed at +100 to finish with less than 44 points.)

Los Angeles at Los Angeles

The first-ever intracity game between the Los Angeles Chargers and Los Angeles Rams takes place this week: the league’s No. 3 offense (Chargers) against the NFL’s top defense (Rams, who also have a top-10 offense).

The spread appears uniform across all books, with the Rams listed as 7-point favorites at home. The undefeated hosts have allowed a total of 13 points through two games, while the Chargers, a popular underdog pick to make a deep postseason run, have averaged 29.5 points and nearly 450 yards per game.

In a game that FanDuel lists with an over/under of 48 points, the Chargers hold a decent-sized payday for outright victory.

FanDuel and BetStars both pay out +245 for a road victory, while Caesars and William Hill offer a +260.

Buffalo at Minnesota

For the daring bettors, for those who believe in miracles, add this game to the betting slip.

Yes, the winless Buffalo Bills have allowed the most points in the NFL through two weeks, have the second-fewest yards per game in the league, and have convinced pundits that they are in full-on tank mode.

That said, Buffalo, a playoff team last year, has only allowed 40 more yards than Minnesota this season. Its rookie quarterback, Josh Allen, was sacked five times last week but also threw for 245 yards in his first start.

Against the NFC Championship-appearing Minnesota Vikings this week, Buffalo sits as a 17-point dog, a line that pays $100 for a $120 bet for the Bills to cover.

The big payoff, though, is a straight-up win for Buffalo. At FanDuel, the moneyline for the Bills is +820 (compared with Minnesota’s -1,100); For SugarHouse, it’s +850; BetStars, +900; Caesars, +950; and William Hill, a whopping +1,000.

… and NJ sports betting promotions to use

With the NFL season settling in, the promotions are getting cranked out by various mobile sportsbooks.

At FanDuel, for example, new users will have first deposits matched up to $100. The book also offers a Pats Protection promo, in which users can wager on any team to win the Super Bowl and receive up to $50 back in credit should the New England Patriots win the big game.

First deposit promos also exist at SugarHouse (using code 250MATCH to have up to $250 matched) and DraftKings Sportsbook ($25 in free bets just for signing up).

A variety of promos are offered via BetStars. New users can claim a sign-up bonus worth up to $500. Also, bettors can wager $5 on any team to win the Super Bowl and have boosted odds of 100/1.

Boosted odds also exist for three-team parlays and on selecting three players to score touchdowns.

AGA Letter Warns Of Impact That Federal Intervention Will Have On Sports Betting

In a letter to Sen. Chuck Schumer, the AGA states that illegal sportsbooks were the result of PASPA and no new federal sports betting law is needed.

As Senate Majority Leader Chuck Schumer advocates for a federal framework for legalized sports betting across the country, the American Gaming Association has raised its finger to wag in Schumer’s direction.

“No thanks,” the AGA has said. “We’ve got this.”

In a letter sent to Schumer last week and signed by Sara Slane, the organization’s senior vice president of public affairs, the AGA expressed a strong belief that “no additional federal engagement is needed at this time based on the significant, effective regulatory oversight already in place.”

More from the letter:

“AGA has long been a leading advocate for eliminating the vast illegal sports betting market in the U.S., which was largely enabled by the Professional and Amateur Sports Protection Act (PASPA). We believe this can best be achieved through law enforcement oversight and robust state regulation. AGA firmly believes that additional federal engagement is not warranted at this time.”

Schumer backing Hatch with a plan

Crafted by Sen. Orrin Hatch in 1992, PASPA was repealed in May to clear the way for state-sanctioned sports betting. Immediately, Hatch (who is on his way to retirement) set forth plans to “introduce legislation” for federal oversight of regulated wagering “to help protect honesty and principle in the athletic arena.”

Last month, Hatch delivered a speech on the US Senate floor that focused on the integrity of sports and how legalized sports betting corrupts it.

A week later, Schumer also spoke about integrity, while pleading for federal involvement to, basically, not keep the leagues in the dark.

“With the Supreme Court ruling, it’s incumbent on the federal government to take a leadership role and provide the necessary guidance to prevent uncertainty and confusion for the leagues, state governments, consumers and fans alike.”

What Schumer wants from federal sports betting

Schumer’s proposed federal framework would require any sportsbook that accepts wagers to “share appropriate information in a timely fashion with the league or governing body of the sport in question as well as relevant state, federal, and tribal law enforcement or other appropriate oversight bodies.”

With this process, he claimed, leagues and governing bodies will be able to “identify problematic trends.”

Schumer’s plan also requires bookmakers to use official league data while ceding some control to the leagues to determine what bets casinos can offer.

Additionally, under Schumer’s plan, all “leagues and sports should have effective tools to protect their own game and that includes strong limitations and prohibitions on any athlete, coach, official, team, or league representative from taking a financial stake in any wager.”

As it happens, several states have taken precautionary measures to address some of Schumer’s concerns, including NJ sports betting.

But with such heavy emphasis on their inclusion and potential control of regulated wagering, the main sports leagues have expressed their support of Schumer’s proposal.

AGA with a plan of its own for sports betting

As noted above, the AGA has committed itself to ridding illegal bookmakers from the US sports betting landscape. The black market, the AGA basically said, is the result of federal intervention. The federal government, therefore, should not become involved once more.

Instead, the AGA outlined its own proposal for a well-run sports betting world. Within it are five “principles that will ensure a safe, successful, legal sports betting market.”

  • Promote responsible gaming and responsible advertising
  • Protect game integrity
  • Discourage enacting legislative preferences for specific business interest
  • Empower state and tribal regulation
  • Place consumers first

“As policy discussions on sports betting progress,” the letter stated, “AGA is unwavering in our commitment to continuing a constructive dialogue with all stakeholders and we stand ready to serve as a resource for anyone considering statutory or regulatory policies to govern sports betting.”

First Month Of Mobile Sports Betting Signals Bright Future For New Jersey

For NJ sports betting, the introduction of online sportsbooks was a game-changer in August. The result is the potential for high revenue in the future.

Optimism abounded for New Jersey sports betting operators and state lawmakers and regulators.

After spending years fighting for state-sanctioned regulated wagering, the Garden State finally had the chance to reap the rewards.

Just three months into the life of NJ sports betting, the industry is booming. And there is no reason to think it won’t continue trending upward — especially after a jaw-dropping August.

August NJ sports betting revenue sets the tone

Released by the NJ Division of Gaming Enforcement earlier this week, sports betting revenue last month exceeded $9 million. Retail sportsbooks alone nearly doubled the July output, jumping from $3,845,880 to $6,059,662.

The tale of the tape, however, was online. The first NJ mobile sportsbooks launched in August: DraftKings SportsbookplayMGM Sports, and SugarHouse Sportsbook.

Led primarily by DraftKings Sportsbook, which rolled out at the beginning of the month (the other two joined the fold near the tail end of August), mobile sports betting generated a revenue total that nearly matched that of the five brick-and-mortar sportsbooks operating a month earlier: $3,123,281.

With help from that performance, revenue by Atlantic City casinos fell just shy of $304 million, reflecting a more than 24 percent spike year over year.

“With the new casinos that opened in June and the addition of sports wagering options, including online alternatives, the gaming industry has experienced growth rates in July and August that have not been achieved in years,” David Rebuck, director of the DGE, told the Associated Press. “It is an exciting time for Atlantic City and we look forward to continued revenue growth going forward.”

NJ sports betting has potential for more

Following July’s revenue report, David Schwartz, director of the Center for Gaming Research at UNLV, called the month “a small start” but that New Jersey “had the potential to do a lot more.”

Part of his reasoning surrounded the coming football season, which, for college, kicked off Sept. 1. The NFL got underway a week later. Consider that, during a dead time of the sports calendar, NJ sportsbooks took in more than $40 million in handle during July. (Last month, accepted wagers reached nearly $100 million.)

Essentially, August’s revenue numbers should only trend upward as the country’s most popular sport kicks into gear.

“There will be a much bigger level of sports betting once football season starts, for sure,” Schwartz said in August. “Last year, for example, from July to September, sports betting revenue in Nevada increased by about 8,000 percent. So it should increase substantially (in New Jersey).”

A recent analysis from Eilers & Krejcik Gaming indicated that the $3.1 million in revenue from mobile products proved “meaningful,” especially considering the limited availability of products and “the expected hiccups and half-measures that accompany a rushed launch.”

Online sports betting on the march

As for the future, the mobile crowd swelled from three products to SEVEN within the first two weeks of September:

Several others are expected to join the group, including Resorts Atlantic City, which last month hinted at introducing its own mobile platform. The oldest casino on the Boardwalk, which boasts a partnership with DraftKings Sportsbook, also teamed up with BetStars in early August. Another Resorts-related mobile sportsbook could launch in New Jersey.

Boiled down: New Jersey sets itself up for a September boon.

“As today’s numbers show, Kambi has taken a leading position in New Jersey with revenue generated by our partners amounting to approximately a third of the total across online and on-property,” Max Meltzer, chief commercial officer at Kambi Group, which powers DraftKings Sportsbook, SugarHouse Sportsbook and 888 Sport, said in a statement.

“These revenues represent a missed opportunity for those still waiting on other third-parties to finalize their online launch, and underlines the need for operators to partner with a supplier that can offer the quality and speed to gain market leadership.”

NJ ready to ride mobile to another level

Retail sportsbooks have continued to increase handle and revenue. Of the five facilities that operated in July, only Ocean Resort Casino experienced a dropoff in revenue. There are now eight retail sportsbooks in the state.

The game-changer, though, relates to NJ mobile sports betting. When Schwartz spoke last month, only DraftKings Sportsbook operated online. Certainly, he expected competitors to enter the field, and with that competition comes increased handle and revenue.

“I think it’ll definitely have a big impact,” Schwartz said. “In Nevada, mobile’s about 50 percent of the handle. As they (New Jersey operators) roll that out and people get more used to it, that’ll make the numbers go up a lot.”

That competition apparently does not worry Kambi. If anything, it inspires the group to push harder to create unmatched products. And surely the rest of the mobile market — those already launched and those soon to come — shares that sentiment.

“Although September brings more competition,” Meltzer said, “we now power three of the seven active sportsbooks in the Garden State and are ready to follow a similar strategy in other states as they open up.”

Skyscraping Spikes Lead To Near-Record August In NJ Online Casino Revenue

NJ online casino revenues hit $24.8 million in August, an increase of 16% compared to 2017 with online poker still struggling.

The bar was set high in July.

After all, no month in the five-year history of New Jersey gambling sites had ever performed as well as two months ago.

With the August numbers for NJ online casino revenue posted, July still stands alone. But August was still one of the best ever.

The top-grossing revenue months in the history of NJ online gambling have occurred in 2018.

In August, according to figures reported Wednesday by the NJ Division of Gaming Enforcement, Atlantic City casinos combined for  $24,804,558 in online gambling.

Only July ($25.9 million) and March ($25.6 million) topped August’s revenue.

Spikes (almost) across the board for NJ online gambling

As an industry, online gambling increased 16.6 percent from August 2017 totals. And nearly every casino played a part in that upward trend.

As usual, Golden Nugget led the charge — and with authority.

The Atlantic City casino accounted for an astounding $8,172,508 in August, representing a 57.4 increase year over year. While it may pale in comparison to its record-$9.3 million in July (a 12.39 percent drop month to month), Golden Nugget still topped $8 million for the sixth straight month.

Borgata again posted the second-largest revenue for the month, a total of $4,655,466 that reflected an 8.4 percent increase year over year. The largest year-to-year spike came from Resorts Atlantic City, which rose 14.3 percent to an August total of $4,027,035.

Tropicana reported $3,593,979 last month, a 9 percent year-over-year decrease but a 7.27 percent uptick from July. Caesars, meanwhile, plummeted to just under $3.5 million — nearly $1 million less than its total at this time last year.

Hard Rock, Ocean Resort on the rise

For the first time since opening their doors on June 28Hard Rock Atlantic City and Ocean Resort Casino both reported full months for online gambling.

If August’s figures are any indication, each platform, while still a far cry from the industry leaders, are on the rise.

Since debuting June 28, Hard Rock online casino generated $817,022 in revenue. Nearly 59 percent of that total was accounted for in August, as Hard Rock reported $481,803.

While still nearly $200,000 behind Hard Rock in year-to-date revenue, Ocean Resort posted $385,802 last month, representing 60.7 percent of its total $635,607 in revenue since opening July 10.

Mobile sports betting chips in

For the first time in the brief history of NJ sports betting, mobile wagering has kicked in for several properties. This puts a new spin on the total NJ online gambling revenues.

With online sports betting included, the revenue for August increases to $27,927,839.

Since first launching at the beginning of August, DraftKings Sportsbook eclipsed 1,000,000 accepted wagers. As a result, the platform utilizing Resorts’ sports betting license racked up $2,970,331 in gross revenue last month.

Also active during August, SugarHouse Sportsbook (via Golden Nugget) reported $103,324, while playMGM (via Borgata) totaled $49,626. Both mobile sportsbooks launched near the tail end of August and should surely see better numbers in September.

When this month’s revenue report comes out in October, another four products will be represented as they have rolled out within the first two weeks of September. Among them (and including their licensee partners):

That group could expand even more in the near future, as several other mobile operators are expected to roll out before month’s end.

Poker still struggling

Not all blue skies exist without at least one black cloud. In the case of NJ online gambling, it’s poker.

Since its first full month of legalization in December 2013 and through August 2017, online poker generated more than $2 million in 30 of 45 months, including in 16 of the 20 months leading up to this time last year.

Yet that area of online gambling for the Garden State has since fallen short of $2 million in each of the past 12 months. Including August.

The $1,815,820 in online poker revenue last month reflects a 12.8 percent drop year over year, though it remained somewhat on par with July ($1,848,553).

Caesars actually enjoyed a hefty increase in revenue, as its $725,020 represented an 18.75 percent spike from August 2017. Still, Resorts ($650,983 in August) and Borgata ($439,817) both dropped 20.8 and 32.33 percent year over year, respectively.

A change in the guard has become apparent in terms of market leaders, as August’s total indicates. At this time last year, Resorts held the majority of the market share at just under 40 percent, while Borgata and Caesars essentially split the remainder.

Now, Caesars, at a shade under 40 percent, owns the biggest piece of the pie; Resorts holds just under 36 percent, and Borgata has fallen to 24.22 percent.