In February 2025, Virginia’s casino sector reported unprecedented revenue figures, marking a significant milestone in the state’s gaming industry. The Virginia Lottery’s recent report highlighted that the combined earnings from the state’s three operational casinos—Hard Rock Bristol, Rivers Casino Portsmouth, and Caesars Virginia—soared to $75.2 million. This surge in revenue not only reflects the thriving nature of the gaming sector in Virginia but also underscores the increasing patronage and the broad acceptance of regulated gaming activities within the state.

Detailed revenue insights:

Among the trio, Caesars Virginia led the pack with a staggering $31.14 million in earnings, followed by Rivers Casino Portsmouth at $24.28 million, and Hard Rock Bristol, which contributed $19.75 million. Notably, Hard Rock Bristol’s revenue marked a 6.5% increase from January, signaling robust growth and an expanding customer base. This upward trend in casino revenues is especially notable in Bristol, where the Hard Rock facility has seen a dramatic 50.5% increase in its adjusted gaming revenue compared to the same period last year.

The substantial revenue from these casinos has also translated into significant tax contributions, with the state collecting $13.5 million in taxes for February alone. These funds are earmarked for various state priorities, including the Problem Gambling Treatment and Support Fund and the Family and Children’s Trust Fund, reflecting the state’s commitment to addressing social issues associated with gaming.

The distribution of tax revenues is carefully allocated to support not only state funds but also local initiatives. For instance, Hard Rock Bristol’s tax contributions include over $1.18 million directed towards the Regional Improvement Commission, which benefits 14 Southwest Virginia localities.

Casino specific performance:

Each casino has demonstrated unique strengths and growth patterns. Caesars Virginia has consistently outperformed other venues, leading in total earnings for the third consecutive month. The casino’s success is partly attributed to its diverse offerings, which include both slots and table games, drawing a wide array of clientele.

Rivers Casino Portsmouth, despite experiencing a slight dip compared to January, continues to contribute robustly to the region’s economy with substantial revenues from both slots and table games. Hard Rock Bristol not only reported significant revenue growth but also an increase in tax revenue contributions, underscoring its growing influence in the region’s economic landscape.

The Virginia Lottery, which assumed regulatory oversight of casino gaming in 2020, continues to monitor and report on the sector’s progress. The transparency and detailed reporting by the Virginia Lottery are pivotal in ensuring that the benefits of casino gaming are maximized for the state while maintaining strict regulatory compliance and promoting responsible gambling practices.

As Virginia’s casino industry continues to expand and evolve, the economic benefits are becoming increasingly evident, not only in terms of direct casino revenues but also through broader economic stimulation and community contributions. This promising trend is a positive indicator of the sector’s potential for sustained growth and its role in the state’s economic development strategy.