Opening New Jersey Casinos For Memorial Day Would Be Huge Boost

Borgata casino NJ

Just like several other industries right now, gambling in New Jersey has not been the same during the times of people not being able to set foot in casinos in person. So, of course, any time they’re able to open would be huge. Especially Memorial Day.

From February to March, the drop in retail revenue was staunch. There was a 60% decrease there; certainly, a number that is going to scare those working in the industry. This figure takes into account the entire month when it had been open for the first half of it. A scary number to see.

As that continues to be something to monitor, so is the Eldorado-Caesars deal. They’re not moving too swiftly on making it official, but there has been a little activity on that front this week.

It’s going to be interesting to see how performance is following this deal when everything is up and running in full.

There is one casino that has stated that it will be accepting hotel reservations beginning on June 1. That’s right, and it’s Borgata Atlantic City. They’re taking a gamble on things normalizing, and so if they already have their reservations in while some others don’t follow suit, big things could come from it.

It is going to make the hottest commodity because people are itching for activities to look forward to right now. Being only four weeks out from making their booking is going to put some smiles on their faces and get them going.

Sports Betting Okay With Mobile

In the casinos, the majority of the revenue comes from the floor, live at the site of action. But for sports betting, it is mostly coming through with sportsbooks apps.

Events like the NFL Draft basically exist to be their lord and savior in times like this. With over 250 players being drafted, there were prop bets and several different angles.

This event did very well for the sportsbooks, and with the NHL pushing for a sooner draft, this could be huge for them. Without there being daily games, they always have to get creative to keep things going (which hasn’t been a huge issue). But still, another draft filled with action and intrigue could be just what they need.

Atlantic City Monopoly?

In other news, there had been a few concerns about how many casinos in Atlantic City one company should own. Twin River’s sale of Bally’s alleviated those fears after they had made the Eldorado-Caesars deal.

The sale still needs to be approved by The Division of Gaming Entertainment, which has been relatively quiet. Once that happens, both of these can pass, and then new ownership will be able to take over and start making the changes as they see fit.

Unfortunately, this past weekend was supposed to feature the Kentucky Derby, but, of course, that didn’t happen this year. Derby Day is one celebrated by millions worldwide, with bets coming in at record numbers in given years. Watching NBC Sports and making pretend bets is the only way to truly have “wagered” this time.

In its place, however, there is the Arkansas Derby. It is running two divisions for the first time thanks to this unique situation. Three eventual Kentucky Derby winners and 2015 Triple Crown champion Pharoah have raced at this derby before. Greatness comes through the tracks.

There is a $500,000 purse for each division, leaving the total winnings to be had by the contestants at a solid $1 million for the day.

There are plenty of things that you can continue to bet on. So, let’s dare to bet that the casinos in New Jersey will open for Memorial Day so the industry can experience a significant boom.

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