The Virginia Lottery has published its monthly report, revealing that the gaming revenue for November at three prominent casinos—Hard Rock Hotel & Casino Temporary Bristol, Rivers Casino Portsmouth, and Caesars Virginia—reached $51.2 million. This figure marks a notable 3% increase from October’s revenue of $49.6 million. Additionally, operators contributed $10.3 million in taxes to the Gaming Proceeds Fund during this period.
Individual Casino Performance:
Hard Rock Hotel & Casino Temporary Bristol: The casino, granted a license by the Virginia Lottery Board in April 2022, commenced operations at its temporary facility on July 8, 2022. Its contribution to the overall gaming revenue in November played a significant role in the positive growth observed in the state.
Rivers Casino Portsmouth: This establishment, which opened its doors on January 23, 2023, has been a key player in Virginia’s burgeoning casino landscape. Its performance in November contributed to the overall revenue boost.
Caesars Virginia (Danville): The temporary Caesars Virginia located in Danville, operational since May 15, also made a noteworthy contribution to the cumulative gaming revenue for the state.
Tax Contributions and Economic Impact:
Operators’ tax contributions of $10.3 million underscore the economic significance of the gaming industry in Virginia. These funds are directed to the Gaming Proceeds Fund, playing a crucial role in supporting various community initiatives and programs.
Virginia’s casino sector continues to demonstrate resilience and growth, as reflected in the positive trajectory of gaming revenue from October to November. The strategic contributions of Hard Rock Hotel & Casino Temporary Bristol, Rivers Casino Portsmouth, and Caesars Virginia underline the evolving landscape of entertainment and hospitality in the state. With ongoing developments and sustained performance, Virginia’s casinos are poised for continued success in the coming months.