Increased Gaming Income in Virginia's Casinos by 30.4% Compared to Last Year's August Figures
In August, casinos across Virginia experienced a notable boost in revenue, according to figures published by the Virginia Lottery.
The most significant year-over-year increase was seen at Caesars Virginia, which reported a 68.4% rise in total revenue. Last month, the casino generated $84.8 million, up from $49.8 million in the same period the previous year. A large portion of this increase came from the slots section, which saw profits soar by 70%, reaching $26.5 million. The table games also contributed to the growth, with an increase of 64% and profits of $7.9 million.
Casinos in Virginia as a whole saw a 30.4% year-over-year revenue increase, with total revenue rising from $65.1 million to $84.4 million. Slots saw a statewide year-over-year increase of 36.3%, with profits rising from $48.1 million to $65.6 million. Table games revenue also grew, increasing by 28.7% from just under $15 million to $19.2 million.
Rivers Casino Portsmouth, one of the casinos in Virginia, reported a 6.2% increase in slot revenue, with profits rising from $19.2 million to $20.4 million. The table games revenue remained stable, increasing by 1.5% from $7.5 million to $7.6 million.
Hard Rock Bristol also saw impressive growth, with slots revenue increasing by 40%, reaching $18.6 million, up from $13.3 million. The table games also saw a 40% gain, with revenue increasing from $2.7 million to $3.7 million. The casino generated a total revenue of $22.3 million, up 40% from $15.9 million.
It's important to note that the search results do not provide specific information about which casino achieved the largest revenue increase in August or the casinos owned by that casino in Virginia. However, it's clear that the gaming industry in Virginia is on an upward trend.
