Virginia Casinos See Revenues Rebound In February

Virginia Casinos See Revenues Rebound In February
Fact Checked by Thomas Leary

There were no signs of a second month slide to start 2024 for casinos in Virginia, with strong month-over-month improvements in adjusted gross revenue, slots revenue and casino taxes offsetting a single-digit decline in casino table games revenue.  

Overall, Virginia’s three retail casinos reported $57,339,816 in casino adjusted gross revenue in February, which represented an 8.5% jump from January’s total of $52,863,972.  

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Rivers Casino Again Leads Market Share

As far as the games themselves, February’s revenue totals were much rosier for slots than table games, with the former generating $43,866,070 in revenue (up 15.7% from January’s total of $37,914,152) while the latter dropped 9.9% month-over-month (from $14,949,820 in January to $13,473,746 in February).  

The surge in casino adjusted gross revenue in February resulted in an 8.5% jump in casino taxes, going from $9,515,515 in January to $10,321,167 during the month of February.  

As far as individual casinos were concerned, Rivers Casino Portsmouth was the Virginia casino leader, both in terms of adjusted gross revenue ($25,254,252) and taxes generated ($4,545,765).  

Rounding out the list when it came to individual casino totals, Caesars Virginia in Danville was No. 2 in terms of AGR ($18,738,733) and taxes ($2,214,918), while Hard Rock Casino in Bristol was third, at $13,346,832 (AGR) and $1,577,596 (taxes). 

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Christopher Boan

Christopher Boan has been covering sports and sports betting for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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