Virginia Casino Revenue Continues Steady Rise In July

Virginia Casino Revenue Continues Steady Rise In July
Fact Checked by Nate Hamilton

July was another strong month of revenue for Virginia casinos. Perhaps the summer heat drove people indoors, or perhaps the fever for in-person gaming is continuing unabated in the commonwealth.

There is a healthy appetite for wagering at online Virginia sports betting apps, but the bricks-and-mortar casinos are also drawing their share of devotees.

July’s adjusted gross revenue at the three commercial casinos combined was $57,295,953. That was a 9.8% increase from June, when the total statewide revenue was $52,187,669. The taxes raised at casinos rose by the same percentage, from $9,393,780 in June to $10,313,272 last month.

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Breakdown of Virginia Casino Revenue

July was the second full month in operation for the Caesars Casino in Danville, which opened on May 15.

The total adjusted gross revenue (AGR) at Caesars Virginia was about $21.4 million in July, second behind Casino Portsmouth, which had $22.35 million in July AGR. The Caesars Casino is run by the company behind the online Caesars Sportsbook Virginia.

In third place for July AGR was Hard Rock Bristol, on the border with Tennessee, $13,533,276.

For total taxes, Rivers Casino Portsmouth led with $4.02 million, followed by Caesars Virginia at $3.85 million and Hard Rock Bristol with nearly $2.44 million.

Host cities receive 6% of the total tax on casino gambling in Virginia. A fund for the treatment of problem gambling receives 0.8%, and 0.2% is earmarked for the Family and Children’s Trust Find. The rest goes into the Gaming Proceeds Fund.

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Slot Machines Most Popular Option

As is the case at pretty much all casinos, slot machines draw the most revenue in the commonwealth.

In Virginia, July casino slots revenue hit nearly $41.2 million, up 7.1% from $38.45 million in the June Virginia casino revenue report. 

Revenue from table games rose 17.2% in a month-over-month comparison, from $13.73 million in June to $16.1 million last month.

Virginia casino revenue is reported by the Virginia Lottery on the 15th day of each following month. The state reports its sports betting handle (or amount wagered) and revenue on the first day of the month after the following month – for instance, the state’s report on June sports betting handle and revenue was posted at the Virginia Lottery website on Aug. 1.

You can rely on BetVirginia.com for more industry updates, sports coverage and the best VA sportsbook promo codes available.

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Author

Jim Tomlin has nearly 30 years of experience in journalism, having worked at such publications as the Tampa Bay Times, FanRag, Saturdays Down South and Saturday Tradition. He is a contributing writer and editor for BetVirginia.com.

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