Virginia’s land-based gaming ecosystem continues to go from strength to strength, buoyed by an increased performance from the state’s newest entrant, Caesars Virginia.
The venue, in addition to Bristol Casino – Future Home of Hard Rock and Rivers Casino Portsmouth, combined to generate revenue of $57.29m through July. This is 9.78 per cent ahead of June’s $52.18m.
Of the aforementioned headline figure, Rush Street Gaming came out on top with revenue of $22.35m (June: $20.53m) ahead of Caesars’ $21.4m (June: $18.95m) and Hard Rock’s $13.53m (June: $12.71m).
Breaking this down further still, it was revealed that slots contributed $41.19m (June: $38.45m) of total revenue, with table games occupying the remaining $16m (June: $13.73m).
Caesars Virginia led slots charts with revenue of $15.89m (Rivers: $14.28m & HR $11m), while Rivers came out on top in the table games rankings with $8m (Caesars: $5.51m & HR $2.51m).
According to figures released by the Virginia Lottery, tax, which stands at 18 per cent, came in at $10.3m, which was directed to the Gaming Proceeds Fund.
Of the state tax on aggregated gaming revenue, the statute specifies distributions to the Problem Gambling Treatment and Support Fund, which received 0.8 per cent of total tax at $82,506, and the Family and Children’s Trust Fund, which gained $20,626 or 0.2 per cent of tax.
Furthermore, a portion of AGR across each host locality is reserved for the Regional Improvement Commission, which benefited to the tune of $3.43m or six per cent.
Hard Rock Hotel & Casino Bristol was issued a licence by the Virginia Lottery Board in April 2022, and subsequently became the first of four venues to debut within the state after swinging open its doors on July 8.
The venue, which features 908 slots, 29 tables, and a sportsbook, will eventually make way for a permanent venue.
Hard Rock Hotel & Casino Bristol, when complete, will be approximately 300,000 square feet featuring 1,300 slots, 50 table games, a sportsbook, multiple dining options, including a signature Hard Rock Cafe and Council Oak Steaks and Seafood, Rock Shop, Hard Rock Live entertainment venue, authentic music memorabilia, and more.
Rivers Casino Portsmouth was approved in November 2022 and opened its doors to the public on January 23, with guests able to access the casino’s 1,418 slot machines, 81 table games, 24 poker tables and array of onsite dining and entertainment options.
Caesars Entertainment swung open the doors to Virginia’s third casino establishment during May 2023., with the Danville venue following in the footsteps of Hard Rock in Bristol and Rush Street Gaming in Portsmouth.
The 40,000 square foot venue includes 767 slot machines, 25 table games that comprise the likes of blackjack, roulette and baccarat, alongside self-service sports betting kiosks and a trio of food and beverage outlets.
