In its first full month, Caesars Virginia generated $28.56 million in gaming revenue, exceeding January totals for Rivers Casino Portsmouth and Hard Rock Bristol, the Virginia Lottery reported recently.
January’s total slightly exceeds Caesar Virginia’s December total of $28.3 million, despite the casino opening mid-month. That total also topped the Portsmouth and Bristol casinos for that month.
As for tax revenue, Caesars Virginia generated $5.1 million in gaming taxes for January, with Danville receiving about $1.7 million. The casino pays an 18% tax to the state, and the city gets a third of that back.
Danville also receives direct payments from Caesars, with January’s totaling $714,128. Combined with gaming taxes, the city’s total revenue for the month is about $2.4 million.
Caesars Virginia opened on Dec. 17, replacing the temporary Danville Casino, which had operated since May 15, 2023.
The Virginia Lottery on Feb. 15 reported Rivers Casino Portsmouth generated $25.2 million in gaming revenue in January; and Hard Rock Bristol, $18.5 million.
According to the latest Virginia Lottery report, Caesars Virginia had 1,479 slots and 137 table games. Bristol had 1,486 slots and 77 table games, while Portsmouth had 1,419 slots and 85 table games.
During January, gaming revenues from Virginia casinos totaled $72.3 million. Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue, or wagers minus winnings, and $13 million in taxes were paid. Of that total, $4.3 million goes to Danville, Bristol, and Portsmouth as host cities, with the remainder going into the state’s gaming proceeds fund, a problem gambling treatment and support fund, and a family and children’s trust fund.