The Virginia Lottery reports that gaming revenue totaled $21.4 million for Danville Casino in July, which was the casino’s second full month of operation. Gaming tax revenue for the City of Danville amounted to nearly $1.3 million.
The City of Danville also receives direct payments as part of an agreement with Caesars Virginia. The direct payment for July will be $535,210, bringing the July revenue total to $1.8 million.
Since the casino opened May 15, it has generated $52.3 million in gaming revenue and $3.1 million in tax revenue for the city. Direct payments total $1.3 million since the casino opened.
The Virginia Lottery also released July figures for the state’s other two casinos now in operation. HR Bristol casino generated $13.5 million in gaming revenue, with Rivers Casino Portsmouth bringing in $22.35 million.
During July, gaming revenues from Virginia casinos totaled $57.3 million. Virginia law assesses a graduated tax on a casino’s AGR, or wagers minus winnings, and $10.3 million in taxes were paid. Of that total, $3.4 million goes to Danville, Bristol, and Portsmouth as host cities, with the remainder going into the state’s gaming proceeds fund, a problem gambling treatment and support fund, and a family and children’s trust fund.
Danville’s voters approved a Caesars Virginia casino in Danville by a wide margin in November 2020. The Virginia Lottery Board approved the casino license for Caesars Virginia in April of this year. The permanent Caesars Virginia casino resort project in Schoolfield is expected to be complete in late 2024.
The Virginia Lottery Board approved the casino license for HR Bristol in April 2022, and the temporary facility on the site of the former Bristol Mall opened to the public on July 8, 2022. The Virginia Lottery Board approved the casino license for Rivers Casino Portsmouth in November 2022 and the casino opened to the public on January 23 of this year.
