Virginia casinos generate $55.1m in August

September 15, 2023
By

This represents a slight decline from a July total of $57.3m, but no year-on-year data exists for two out of three venues, as they were opened this year.

The Virginia Lottery has released its gaming revenue report for August, showing that the state’s three casinos generated $55.1m. According to the report, Virginia law’s graduated tax on casino AGR resulted in $9.9m paid to the Gaming Proceeds Fund.

Each casino is a fairly young gaming venue. HR Bristol opened to the public in July 2022 at a temporary location, after receiving a license that April. Rivers Casino Portsmouth opened in January 2023, while the Caesars Virginia opened in May this year.  

The casino that generated the highest AGR was Rivers Casino Portsmouth with $21.5m, while the lowest revenue came from HR Bristol and reached $13.9m.

Across all three venues, slots clearly outperformed table games. Total revenue from slots in Virginia in the month of August was nearly $40m, while table games brought in $15.1m. Rivers Casino Portsmouth also had both the highest individual slot and table game revenues of $14.4m and $7.1m.

While there is no data for each casino from 2022 to compare, the total revenue for August shows a slight decrease from July’s total of $57.3m, while individual casino revenue in July also saw Rivers Casino Portsmouth leading the three, bringing in a slightly higher revenue last month of $22.4m.

HR Bristol, the only casino open in August 2022, reported a 0.5% decrease in its slot revenue, an 11.6% decrease in its table game revenue and a 2.7% decrease in its total revenue year-on-year.

A proposed casino for Richmond, Virginia also has the chance to be approved in November and its annual tax revenue may be used to fund affordable childcare.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.