No Virginia school lasted very long in the NCAA Basketball Tournament last month, but there was still a version of the madness of March at Virginia’s casinos.
The Virginia Lottery reported its March casino figures on Monday. Significant increases were established across the board in the Old Dominion. The state's three retail casinos reported $65,087,666 in casino adjusted gross revenue in March, which was a solid 13.5% gain from February's $57,339,816.
Remember, there are no legal online Virginia casinos.
Virginia Casino Breakdown For March
The three retail casino locations are: Hard Rock Bristol (opened July 2022), Rivers Casino Portsmouth (opened January 2023) and Caesars Virginia in Danville (opened May 2023).
Casino slot machine revenue for the month totaled $48,905,621, up a nice 11.5% from the February Virginia casino revenue of $43,866,070 from slots. Casino table games generated $16,182,045 in revenue last month, up a significant 20.1% from February ($13,473,746) in a month-over-month comparison. The casino tax rose in parallel with the total revenue, increasing 13.5% from $10,321,167 the previous month to $11,715,780 in March.
As far as individual casinos were concerned, Rivers Casino Portsmouth was the Virginia casino leader, both in terms of adjusted gross revenue ($27,733,959) and taxes generated ($4,992,113), according to the Virginia Lottery website.
Caesars Virginia in Danville was No. 2 in terms of AGR ($21,083,611) and taxes ($3,795,050). Hard Rock Casino in Bristol rounded out the three at $16,270,096 (AGR) and $2,928,617 (taxes).
In the NCAA Men’s Basketball Tournament, James Madison upset No. 5 seed Wisconsin in the first round. That’s as far as any Virginia team got; Longwood was eliminated in the first round and Virginia lost in a play-in (or First Four) game.
Stay with BetVirginia.com for more casino industry coverage plus stories of interest to Virginia sports betting enthusiasts.
Photo by Keith Stein
