March Gladness: Jersey cashes in on NCAAs

ATLANTIC CITY, N.J. -- A blizzard of bets from college basketball fans in March helped New Jersey to its second-highest sports betting total as March Madness translated into March Gladness for sports books.

More than $372 million in sports bets was made in the state last month. That brings New Jersey's total since sports betting began last June to over $2.3 billion.

The extra revenue helped Atlantic City's nine casinos increase their total revenue to nearly $294 million in March, up more than 34 percent from a year earlier.

Only three casinos reported a revenue decline that month, with six showing an increase.

Several sports books said the number of bets on the college basketball tournament and their dollar amounts exceeded those of the NFL's Super Bowl.