Virginia Casino Revenue Remains Steady In November At $51 Million

Written By Dan Holmes on December 15, 2023
People playing slot machines at a casino on a story about Virginia casinos' revenue for November.

The three casinos in Virginia reported revenue of $51.2 million in November. It resulted in $10.3 million in taxes being paid to the state.

The adjusted gross revenue figure was a slight increase over October’s $49.6 million, and down a little from September’s $51.9 million.

The monthly record of $57 million was set in July.

Nearly 75% of gaming revenue came from slots in November

Until Virginia online casinos are legalized, residents have just three commercial casinos to play at: Caesars Danville Casino, Rivers Casino Portsmouth and Hard Rock Hotel & Casino Bristol.

Rivers is the only casino in its permanent location. It sports the largest gaming space, with more than 1,400 slot machines, 81 table games and a 24-table poker room.

In November, Rivers led the way with $21.6 million in adjusted gross revenue (AGR), followed by Caesars at $17.5 million. Hard Rock collected $12 million.

The Virginia Lottery reported that $37.6 million was taken in from slot machine play in November, around 73.4%. The remaining $13.6 million came from table games.

Where does tax money from Virginia casinos go?

Most of the tax revenue from casino gaming in Virginia (97.5%) goes to the state’s General Fund. A portion (2.5%) is earmarked for the state’s Problem Gambling Treatment and Support Fund. Money from the General Fund is then paid to cities that host casinos.

The breakdown of approximate taxes paid from the casinos for activity in November:

The three hosts cities received a combined $3.3 million in tax revenue.

Photo by Wayne Parry/AP
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Dan Holmes

Dan Holmes has written three books about sports. He previously worked for the National Baseball Hall of Fame and Major League Baseball. He enjoys writing, running, and lemon bars. He lives near Lake Michigan with his daughters and usually has an orange cream soda nearby.

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