Virginia Casino Revenue Dips A Bit in April But New Casino Ready To Go

Virginia Casino Revenue Dips A Bit in April But New Casino Ready To Go
Fact Checked by Michael Peters

On the same day that a new Virginia casino took its first bets, the state released its casino gaming figures for April.

The casino adjusted gross revenue in April was $35,370,542, down 5.5% from the March Virginia casino revenue figure of $37,431,231, the state lottery said.

The numbers are derived from two operating casinos: Hard Rock Bristol, which opened July 8, 2022, and Rivers Casino Portsmouth, which opened this year on Jan. 23.

Terms apply for all bonuses. Must be 21+ to participate.  
Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in VA. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

New Casino Features Retail Caesars Sportsbook

The newest casino on the scene in the commonwealth is in Danville, paired with a retail Caesars Virginia Sportsbook. The Danville Casino opened on Monday; it is a temporary facility and is the third to open in less than a year in a state where no casinos had previously existed.

Caesars has said that the permanent Danville casino would be ready some time in 2024.

This is the latest development in a state where the gaming market has become a thriving source of revenue for the state.

Virginia sportsbooks, initially an online-only option, launched in January 2021. In 2022 alone, sports betting in Virginia accounted for nearly $5 billion in handle, or wagers accepted, and generated nearly $350 million in revenue.

The new Danville casino will take retail sports bets but the vast majority of the wagers in the state are placed online, as is the case in just about every state with a competitive mobile sports wagering market.

April sports betting numbers are scheduled to be released May 1. For March, Virginians wagered $511 million overall on sports. Of that, $507 million came via VA sports betting apps.

Terms apply for all bonuses. Must be 21+ to participate.  
Must be 21+ to participate. T&Cs apply.

Breakdown of April Virginia Casino Revenue

Of the $35.37 million in revenue at two Virginia casinos in April, about $25.12 million came from slot machines. That was down 9.8% from March ($27.845 million).

But revenue from table games rose in a month-to-month comparison, increasing 6.9% from $9.586 million in March to $10.25 million last month.

The casino tax was $6,366,698 in April, 5.5% lower than March’s $6,737,622.

There are no Virginia online casinos; the state has not cleared a legal path for them to operate yet.

As for individual casinos, Rivers Casino Portsmouth reported $21,329,751 in total adjusted gaming revenue (AGR) for April, compared to $14,040,790 at Hard Rock Bristol, according to the Virginia Lottery.

The total tax collected was about $3.84 million from Rivers Casino Portsmouth and $2.53 million from Hard Rock Bristol.

Stick with BetVirginia for more coverage plus the best Virginia sportsbook promos available.

Terms apply for all bonuses. Must be 21+ to participate.  
Must be 21+ to participate and present in VA. T&Cs apply.
quote

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.

Cited by leading media organizations, such as: