Virginia’s casino revenue surges 36% in January, led by Caesars Virginia’s growth

Virginia’s three land-based casinos reported $72.3 million in total gaming revenue for January 2025, marking a 36% increase from the $52.8 million recorded in January 2024, according to the latest Virginia Lottery report.

Each casino saw a year-over-year increase in adjusted gaming revenue (AGR), with Caesars Virginia in Danville leading the market following its first full month at its permanent location. The casino’s 1,479 slot machines generated $21.1 million in AGR, a 73.2% increase from the previous year.

Meanwhile, Caesars Virginia's 137 table games contributed $7.1 million, reflecting a 46.6% jump. Combined, the property reported $28.5 million in AGR, representing a 65.7% year-over-year increase.

Hard Rock Hotel & Casino Bristol also recorded growth, with AGR rising 53.3% compared to January 2024. Slot revenue increased 52.9%, reaching $15.1 million, while table game revenue climbed 54.9% to $3.3 million. 

Rivers Casino Portsmouth experienced the most modest increase among the three, with AGR rising 7.2% year-over-year, totaling $25.2 million.

The Virginia Lottery collected over $13 million in tax revenue from these gaming operations. Of this amount, more than $100,000 was allocated to the Problem Gambling Treatment and Support Fund, while $26,000 was directed to the Family and Children’s Trust Fund. Host cities received a combined $4.3 million, and the remaining $8.5 million was contributed to the Gaming Proceeds Fund.

The state's casino industry could see further changes if legislation to introduce a casino in Fairfax County moves forward. However, the bill proposing this expansion was recently tabled by the Virginia House, leaving its future uncertain.