The Virginia Lottery has unveiled its monthly report on casino gaming activity for February 2023. In a promising development for the state’s burgeoning casino industry, gaming revenue from Hard Rock Hotel & Casino Bristol and Rivers Casino Portsmouth collectively reached an impressive $38.4 million. These figures reflect the growing popularity of casino gaming in Virginia, with significant contributions from both slot machines and table games.
Record-Breaking Casino Performance:
In February, Virginia’s casino scene continued to make waves, showcasing its resilience and growth potential. The combined gaming revenue from two key establishments, Hard Rock Hotel & Casino Bristol and Rivers Casino Portsmouth, soared to an impressive $38.4 million. This revenue was divided into $28.3 million from slot machines and $10 million from table games, marking a substantial contribution from both segments of the casino industry.
Supporting State Finances:
Beyond the excitement of gaming and entertainment, this revenue stream holds significant implications for the state’s finances. Nearly $7 million in taxes were generated and subsequently paid to the Gaming Proceeds Fund. These funds play a crucial role in supporting various state initiatives, reinforcing the positive impact of the burgeoning casino industry on Virginia’s economy.
The Casino Landscape in Virginia:
Hard Rock Hotel & Casino Bristol made history as the state’s first casino when it opened its doors to the public on July 8, 2022. The casino, situated on the former Bristol Mall site, received its license approval in April, setting the stage for a new era of gaming and entertainment in Virginia.
Rivers Casino Portsmouth, another pivotal player in the state’s casino landscape, secured its license from the Virginia Lottery Board in November and officially commenced operations on January 23, 2023. Its swift entry into the market reflects the strong demand for casino gaming experiences in the region.
Virginia’s casino gaming sector is on an upward trajectory, evident from the remarkable $38.4 million in revenue generated in February 2023. With contributions from slots and table games, this revenue underscores the industry’s positive impact on the state’s economy and finances. As more players enter the market and casino offerings continue to expand, Virginia’s casino scene is poised for further growth and success in the coming months.