The Virginia Lottery has released its monthly report detailing casino gaming activity across Hard Rock Hotel & Casino Temporary Bristol, Rivers Casino Portsmouth, and Caesars Virginia. July’s gaming revenue totaled $59.3 million, showing a minor decrease of 0.34% compared to June’s $59.5 million.
Overview of Statewide Gaming Revenue
In July, the combined revenue from Virginia’s three major casinos amounted to $59.3 million. This slight decrease from the previous month’s revenue of $59.5 million suggests a stable but slightly cooling gaming market. Despite the modest decline, the overall revenue indicates a robust interest in casino gaming in the state.
Rivers Casino Portsmouth: A Leader in Revenue
Rivers Casino Portsmouth emerged as the top performer in July, generating a total revenue of $25.7 million. Of this, $18.2 million came from its 1,389 slot machines, and $7.4 million was generated from its 85 table games. This revenue distribution highlights the significant role that slot machines play in the casino’s overall earnings. The casino’s strong performance underscores its prominence in the state’s gaming market.
Hard Rock Hotel & Casino Temporary Bristol: Consistent Performance
Hard Rock Hotel & Casino Temporary Bristol reported $14.8 million in total revenue for July. The revenue from slot machines at this venue was $11.7 million, while table games contributed $3.1 million. The Bristol casino operates 915 slot machines and 29 table games. Although its revenue is lower than that of Rivers Casino Portsmouth, it still plays a vital role in the state’s gaming landscape.
Caesars Virginia (Danville): Notable Contributions
Caesars Virginia, located in Danville, reported $18.8 million in adjusted gross gaming revenue. Of this amount, $14.4 million was derived from 826 slot machines, and $4.4 million came from 36 table games. Caesars Virginia’s performance reflects a substantial share of the state’s total gaming revenue. Its contribution highlights the growing impact of its operations on the overall market.
Dominance of Slot Machines
Across all three casinos, slot machines significantly outperformed table games in terms of revenue generation. In July, slot machines collectively contributed $44.3 million, compared to $15 million from table games. This pattern is consistent with industry trends where slot machines generally produce higher revenue than table games. The disparity underscores the popularity and profitability of slot gaming.
Casino Performance Comparison
Rivers Casino Portsmouth led the revenue rankings, followed by Caesars Virginia and Hard Rock Hotel & Casino Temporary Bristol. Rivers Casino Portsmouth’s higher revenue is largely attributed to its greater number of slot machines and table games, which likely contribute to its leading position. Caesars Virginia and Hard Rock Hotel & Casino Temporary Bristol also make significant contributions, but their revenue figures are comparatively lower.
Tax Revenue Collection
The Virginia Lottery reported that the state collected $10.7 million in taxes from casino gaming in July. This tax revenue is a critical component of the state’s financial resources, reflecting the significant economic impact of the casino industry. The revenue generated supports various state programs and initiatives, underscoring the importance of the gaming sector to Virginia’s economy.
The Virginia Lottery’s July report provides a snapshot of the state’s casino gaming landscape, revealing a slight decrease in overall revenue but maintaining a strong market presence. Rivers Casino Portsmouth remains the top performer, while Caesars Virginia and Hard Rock Hotel & Casino Temporary Bristol also contribute meaningfully to the state’s gaming revenue.
The collection of $10.7 million in tax revenue highlights the financial significance of the casino industry in Virginia.