March Brings a Revival of Gambling in New Jersey

March is a month of renewal and revival, and this year it brings a revival of gambling in New Jersey. The state’s gambling industry has been hit hard by the COVID-19 pandemic, but with the arrival of spring and the rollout of vaccines, there is hope that the industry will bounce back.

New Jersey is one of the few states in the US where online gambling is legal, and this has been a lifeline for the industry during the pandemic. With brick-and-mortar casinos closed or operating at reduced capacity, online gambling has kept the industry afloat. In fact, online gambling revenue in New Jersey increased by 101.6% in January 2021 compared to the same month in 2020.

But with the arrival of March, there are signs that the industry is starting to recover. Atlantic City casinos have been allowed to increase their capacity to 50%, up from 35%, and this has led to an increase in foot traffic. The casinos are also offering more promotions and events to attract customers.

One of the biggest events in March is March Madness, the annual college basketball tournament that attracts millions of viewers and bettors. This year, the tournament is expected to generate a record amount of betting activity, with an estimated $8.5 billion in wagers placed across the US. New Jersey is expected to be one of the top states for March Madness betting, thanks to its thriving online gambling industry.

In addition to March Madness, there are other events and promotions that are helping to revive the gambling industry in New Jersey. The Golden Nugget casino is offering a $1 million giveaway to customers who play its online games, while the Borgata casino is hosting a series of poker tournaments with guaranteed prize pools.

The revival of gambling in New Jersey is not just good news for the industry, but also for the state’s economy. The gambling industry is a major employer in Atlantic City and generates millions of dollars in tax revenue for the state. The more people that visit the casinos and place bets online, the more money the industry will generate for the state.

Of course, there are still challenges ahead for the gambling industry in New Jersey. The pandemic is not over yet, and there is still a risk of outbreaks that could lead to further restrictions on the industry. But for now, the signs are positive, and March is bringing a much-needed revival of gambling in New Jersey.