In its third full month, Caesars Virginia generated $35.98 million in gaming revenue, exceeding March totals for Rivers Casino Portsmouth and Hard Rock Bristol, the Virginia Lottery reported earlier this week.
This represents a $4.84 million (15.5%) increase from February’s $31.14 million and a $7.42 million (26%) jump from January’s $28.56 million. Caesars Virginia has outpaced Rivers Casino Portsmouth and Hard Rock Bristol in gaming revenue every month this year.
Caesars Virginia generated $6.48 million in gaming tax revenue in March, with Danville receiving approximately $2.16 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 March’s totaling nearly $900,000. Combined with gaming taxes, the city’s total revenue for the month is about $3.06 million.
Caesars Virginia opened on Dec. 17, replacing the temporary Danville Casino, which had operated since May 15, 2023.
The Virginia Lottery on Tuesday reported Rivers Casino Portsmouth generated about $27.9 million in gaming revenue in March; and Hard Rock Bristol, $21.3 million.
According to the latest Virginia Lottery report, Caesars Virginia had 1,479 slots and 100 table games. Bristol had 1,444 slots and 73 table games, while Portsmouth had 1,423 slots and 84 table games.
During March, gaming revenues from Virginia casinos totaled nearly $85.2 million. Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue, or wagers minus winnings, and $15.3 million in taxes were paid. Of that total, $5.1 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.
