Virginia Casino gross revenue of $59.5 million for June

According to the latest data from Virginia Route, cited by Virginia Business, three casinos in Virginia totaled $59.5 million in gaming revenue in June 2024. The figure is down slightly from the previous three months, when each had $60 million in revenue.

Bristol Casino: Future Home of Hard Rock is temporarily operational and generated adjusted gaming revenue (AGR) of approximately $14.35 million, minus the jackpot in bets. The revenue included approximately $12.4 million from 907 slot machines and approximately $2.31 million from 29 table games. Since opening as Virginia’s first operational casino in July 2022, the Bristol facility has played a pivotal role in the state’s gaming environment. However, Bristol, a permanent facility, has been delayed from July to autumn this year, promising significant expansion with additional amenities including more than 1,500 slots, 75 table games, and 303 rooms.

Rivers Casino Portsmouth opened as the state’s first permanent casino in January 2023 and led the June revenue figure with nearly $25.95 million. The figure came from $17.96 million generated from 1,417 slots and $7.98 million generated from 84 table games.

Danville’s temporary Caesars Virginia Casino, which opened operations in May 2023 after receiving its license in April of the same year, reported an AGR of approximately $19.22 million. The total was split between $14.03 million in 826 slots and $5.19 million in 36 table games. The casino’s permanent location will open later this year, including a 320-room hotel and approximately 90,000 square feet of casino flooring at an estimated cost of $750 million.

Despite strong overall results, June sales were down 5.1% from May ($62.7 million). However, the year-over-year comparison showed a 14% increase from June 2023 ($52.2 million). Rivers Casino Portsmouth had the highest year-over-year sales growth of 26%, followed by Bristol Casino (12.9%), and Caesars Virginia (1.5%).

millions of dollars in taxes

The Virginia casino donated approximately $10.71 million in taxes at the AGR in June, benefiting a variety of local and regional initiatives. The host cities of Portsmouth and Danville received 6% of the casino AGR, approximately $1.56 million and $1.15 million, respectively. Meanwhile, 6% of the Bristol casino AGR, approximately $861,000 in total, was allocated to the Regional Improvement Board for distribution throughout Southwest Virginia.

The Problem Gambling Treatment Support Fund also received about $85,700, or 0.8% of the total tax, and the Family and Child Trust Fund, which supports domestic violence prevention and treatment programs, received about $21,424, or 0.2%. 실시간 바카라사이트

As the industry continues to develop, the state is looking forward to further developments, including the possibility of the opening of HeadWaters Resort & Casino in Norfolk and a casino referendum in Petersburg this November. These initiatives reflect ongoing efforts to expand and regulate casino games in Virginia with the aim of revitalizing the local economy and providing new entertainment and employment opportunities.

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