Virginia Casinos See Significant Revenue Growth in January 2025

Virginia’s three commercial casinos experienced a notable increase in gaming revenue, generating $72.3 million in January 2025. This marks a substantial 36% rise from the $52.8 million reported in January 2024, according to data released by the. The growth highlights the increasing popularity of land-based gaming in the state and the strong performance of these establishments.

Caesars Virginia Leads with Strong Growth

Among the three gaming establishments, Caesars Virginia reported the highest adjusted gaming revenue (AGR). The casino amassed $28.5 million in AGR, reflecting a 65.7% increase compared to the same period last year. A major driver of this growth was the casino’s slot machines, which generated $21.1 million, a year-over-year rise of 73.2%. Meanwhile, its 137 table games contributed $7.1 million in AGR, up 46.6% from January 2024.

The steady growth of Caesars Virginia highlights the casino’s ability to attract players across different gaming segments. The increase in slot revenue suggests a rising interest in electronic gaming, while the substantial gain in table game revenue indicates a balanced player preference. With its strong performance, Caesars Virginia continues to solidify its position as a leader in the state’s casino market.

Hard Rock Hotel & Casino Bristol also saw a sharp uptick in revenue, with its AGR climbing by 53.3% year-over-year. Slot machine revenue surged by 52.9%, increasing from $9.9 million in January 2024 to $15.1 million in January 2025. Meanwhile, its table games recorded a 54.9% jump, reaching $3.3 million.

The significant growth at Hard Rock Bristol suggests that the casino has successfully capitalized on increasing gaming demand. With both slot and table game revenue rising at nearly the same rate, the casino continues to benefit from its diverse gaming offerings. The upward trend indicates sustained customer engagement and suggests potential for further expansion in the future.

Rivers Casino Portsmouth Sees Modest Increase

While experiencing a smaller percentage increase than the other two casinos, Rivers Casino Portsmouth still saw year-over-year growth, with its AGR rising by 7.2%. The casino brought in $25.2 million in January 2025, maintaining a strong position in Virginia’s expanding gaming market.

Although its growth rate was not as dramatic, Rivers Casino Portsmouth remains a key player in the state’s casino sector. Its stable revenue stream suggests a loyal customer base and steady demand for gaming options. As the Virginia casino industry continues to evolve, Rivers Casino Portsmouth may explore additional offerings to further enhance its market share.

The Virginia Lottery collected over $13 million in taxes from casino operations. Of this amount, more than $100,000 was allocated to the Problem Gambling Treatment Fund, while $26,000 went to the Family and Children’s Trust Fund. Host cities received a collective sum exceeding $4.3 million, while the remaining $8.5 million was directed to the state’s Gaming Proceeds Fund.

The distribution of casino tax revenue highlights the economic benefits of gaming expansion in Virginia. With host cities receiving millions in tax contributions, local governments may use these funds for infrastructure improvements and community programs. Additionally, the allocation to gambling treatment programs underscores the state’s commitment to responsible gaming.

The state’s casino industry could see further expansion if lawmakers approve a bill that would permit the development of a casino in Fairfax County. However, the House recently tabled this proposal, leaving the future of additional gaming establishments uncertain.

If approved, a Fairfax County casino could significantly reshape the state’s gaming landscape. The region’s proximity to Washington, D.C., and Northern Virginia’s affluent population could create a lucrative market for gaming operators. While the proposal remains in legislative limbo, its potential approval could introduce new economic opportunities for the state.

As Virginia’s casino market continues to expand, industry observers will closely monitor revenue trends and legislative developments. With January’s impressive revenue growth, the state’s gaming industry appears poised for sustained success in the coming years.

Source:

”Virginia Lottery releases January casino activity report”, varealmoneyaction.betsandodds.net, February 14, 2025.