The first month of 2024 produced dismal results for gaming operators in the Old Dominion, with Virginia casinos taking in 9.7% less adjusted gross revenue and 18.9% less in taxes than the previous month.
In total, Virginia casinos raked in $52,863,972 in total adjusted gross revenue in January at the three casinos in the state (Hard Rock Casino in Bristol, Rivers Casino Portsmouth and Caesars Virginia in Danville), down 9.7% from December’s sum of $58,520,400.
As far as slots revenues were concerned, January’s total of $37,914,152 represented an 11.5% decline from December’s total ($42,834,453), illustrating the tough sledding for Virginia’s three casinos in the opening month of the year.
For casino table games revenues, January’s total of $14,949,820 was down 4.7% from December’s total of $15,685,947.
Finally, Virginia’s casinos chipped in $9,515,515 in taxes during January, which was down 18.9% from the month before, when the three operators reported $11,726,425 in taxes off casino gaming. There are no legal Virginia online casinos.
Rivers Casino Leads Market Share
Rivers Casino Portsmouth was the leader in the casino clubhouse in January, with $23,547,164 during the month.
That total beat out Caesars Virginia ($17,238,855) and Hard Rock Casino in Bristol ($12,077,952). Rivers Casino Portsmouth also was the No. 1 operator in January when it came to taxes chipped in to the Commonwealth, at $4,238,490.
Rounding out the list, taxes wise, were Caesars Virginia ($3,102,994) and Hard Rock Casino in Bristol, which reported $2,174,031 in tax dollars during the month of January. The Caesars casino features a retail Caesars Sportsbook Virginia location.
