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.
Remember, there are no legal Virginia online casinos.
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).
