In its second full month, Caesars Virginia generated $31.14 million in gaming revenue, again exceeding February totals for Rivers Casino Portsmouth and Hard Rock Bristol, the Virginia Lottery reported recently.
This marks a $2.57 million (9%) increase from January’s $28.56 million, which also led both casinos.
As for tax revenue, Caesars Virginia generated $5.6 million in gaming taxes for February, with Danville receiving about $1.86 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 February’s totaling $778,554. Combined with gaming taxes, the city’s total revenue for the month is about $2.64 million.
Caesars Virginia opened on Dec. 17, replacing the temporary Danville Casino, which had operated since May 15, 2023.
The Virginia Lottery on March. 14 reported Rivers Casino Portsmouth generated $24.28 million in gaming revenue in January; and Hard Rock Bristol, $19.7 million.
According to the latest Virginia Lottery report, Caesars Virginia had 1,477 slots and 100 table games. Bristol had 1,484 slots and 73 table games, while Portsmouth had 1,417 slots and 84 table games.
During February, gaming revenues from Virginia casinos totaled $75.17 million. Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue, or wagers minus winnings, and $13.5 million in taxes were paid. Of that total, $4.5 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.