Virginia casinos post $82.45M in November revenues

November gaming revenues at Virginia’s three permanent casinos and Norfolk’s new temporary casino totaled $82.45 million, according to Virginia Lottery data released Dec. 15.

Norfolk’s temporary Interim Gaming Hall, which opened Nov. 7, reported adjusted gaming revenue (wagers minus winnings) of $1.42 million during its first 23 days of business. All of that came from its roughly 132 slots, as the temporary casino doesn’t have table games. A permanent $750 million Norfolk casino, being developed by Boyd Gaming and the Pamunkey Indian Tribe, is anticipated to open in 2027.

Opened in December 2024, Virginia’s newest permanent casino, Caesars Virginia in Danville, reported the largest adjusted gaming revenue for the month: approximately $33.7 million. Of that, $23.69 million came from its 1,478 slots, and the remaining roughly $10.02 million came from its 100 table games.

Rivers Casino Portsmouth, which opened as Virginia’s first permanent casino in January 2023, generated $19.29 million from its 1,409 slots and $6.48 million from its 84 table games, for a total AGR of nearly $25.77 million in November.

Last month, the Hard Rock Hotel & Casino Bristol reported almost $21.56 million in AGR, with roughly $16.83 million of that coming from its 1,370 slots and about $4.73 million coming from its 73 table games. The Bristol casino’s temporary facility opened in July 2022, making it the first operating casino in Virginia. The permanent Hard Rock Bristol opened in November 2024.

November’s total AGR for Virginia casinos is up about 0.39% from October’s AGR of $82.1 million and up 29.7% from November 2024’s $63.57 million.

Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue. For the month of November, taxes from casino AGRs totaled almost $18.89 million.

Under Virginia law, 6% of a casino operator’s AGR goes to its host locality until the operator passes $200 million in AGR for the year, at which point the host locality’s tax rate rises to 7%. If an operator passes $400 million in AGR in the calendar year, that rises to 8%.

For November, Danville received 7% of Caesars Virginia’s AGR, amounting to $2.36 million. Portsmouth received 7% of the Rivers Casino Portsmouth‘s AGR, netting $1.8 million. For the Bristol casino, 7% of its adjusted gaming revenue — about $1.5 million last month — goes to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.

The Problem Gambling Treatment and Support Fund receives 0.8% of total taxes — approximately $151,143 last month. The Family and Children’s Trust Fund, which funds family violence prevention and treatment programs, receives 0.2% of the monthly total, which was approximately $37,786 in November. The Interim Gaming Hall will give $14,126 (1% of the monthly total) to the Virginia Indigenous People’s Trust Fund, state legislation that directs 1% of gaming proceeds from any tribe-operated casino to be given to a fund to assist the other Virginia tribes that are federally recognized. The remaining $12,932,426 million in taxes goes to the state’s Gaming Proceeds Fund.

The planned Norfolk casino isn’t the only permanent casino on the horizon. In Petersburg, Baltimore-based The Cordish Cos. and Virginia Beach developer Bruce Smith Enterprise broke ground in March on the $1.4 billion Live! Casino & Hotel Virginia, slated to open in 2027. A temporary Petersburg casino is expected to open on Jan. 22 2026.