What was a casino milestone just a few months ago is becoming a benchmark in Virginia.
All three operational Virginia casinos brought in more than $60 million in revenue for the third straight month.
Steady performance from all three Virginia casinos
May’s totals, per the Virginia Lottery’s report, came to nearly $62.75 million, with each of the three properties reaching at least $15 million to contribute to the total haul.
Once again, Rivers Casino in Portsmouth brought in the most revenue — a shade under $27 million on the strength of 1,411 slot machines combining for about $18.6 million in revenue and 83 table games bringing in another $8.4 million. The city recently celebrated the longtime local senator who filed the bill legalizing Virginia casinos, Sen. L. Louise Lucas, by naming a street near Rivers Casino in her honor.
Caesars Virginia, the temporary facility, surpassed the $20 million milestone, bringing in nearly $20.3 million after coming tantalizingly close to that milestone the month before. The revenue was mostly attributable to the casino’s 814 slots, which generated a little more than $14.7 million, though its 36 table games brought in around $5.5 million.
Last month, Caesars officials confirmed that the permanent Caesars Danville casino complex will open in December, following an announcement last month that the company had revised its contract with the city and increased the construction budget to $750 million. More than 800 workers have been on-site to complete the project, which includes a hotel and a 40,000-square-foot conference center doubling as an entertainment space.
The Hard Rock Casino in Bristol topped $15 million, with a little more than $15.46 million split between $12.4 million from 891 slot machines and just over $3 million from 29 table games. It also has been operating out of a temporary facility. Though Hard Rock representatives recently announced a delay in opening the permanent complex, it’s still on track to happen by the end of the year.
The resort hotel tower has gone up, featuring 300 rooms, a conference area, and at least three restaurants, as part of a $550 million project that will expand the casino’s offerings to 1,500 slot machines and 75 table games.
Virginia has collected over $50 mil. in casino tax revenue for the year to date
The casinos combined to generate nearly $11.3 million in tax revenue for the month, bringing 2024’s total to date to around $53.6 million.
May’s haul means Virginia’s Gaming Proceeds Fund gained about $7.4 million, and the cities hosting casinos collected just over $3.76 million in tax revenue. Portsmouth gained more than $1.6 million, Danville raked in another $1.2 million, and Bristol earned nearly $928,000 in tax proceeds.
