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State of Play
- Virginia’s casino industry continues to see strong growth, generating over $82 million in gaming revenue in October.
- This marks the third consecutive month of impressive earnings from the state’s three major casinos, reflecting a growing market for both slots and table games.
- The revenue surge supports important public programs through higher tax contributions.
In October, Virginia’s three major casinos – Hard Rock Bristol, Rivers Casino Portsmouth, and Caesars Virginia – collectively generated $82.1 million in adjusted gross revenue (AGR). Slots led the way with $60.6 million, while table games contributed $21.5 million.
Caesars Virginia topped the revenue charts with $33.64 million AGR, followed by Rivers Casino Portsmouth at $27.31 million, and Hard Rock Bristol at $21.18 million.
Casinos experienced a 30% year-over-year revenue increase last month, amid discussions in Roanoke about adding a new retail casino.
Tax revenue surpassed $18M in October
Virginia’s casino growth presents new opportunities for play and regulation, and could eventually lead lawmakers to consider online casinos in Virginia. Although they’re not currently legal, discussions have taken place in the past, and they will likely be on the table again in 2026. While the Commonwealth has been resistant to real-money online casinos, the tide may be shifting. Virginia does have online sports betting and is one of the largest markets in the US.
The state benefits from a graduated tax on casino AGR, which yielded $18.4 million in October. These funds are reinvested in local Virginia communities, with over $5.65 million going directly to host cities. Additionally, small but crucial portions support responsible gambling programs that address problem gambling and family welfare.
Virginia’s casino market is poised for further development. With local governments like Roanoke exploring new casino proposals, growth in both gaming revenues and community impact seems likely.
Based on reporting by Dave Grendzynski for The Action Network.
