Virginia's casino earnings soared by 30.4% compared to the same period last year in August

In August, casinos in Virginia experienced a notable boost in revenues, with the total earnings reaching $84.4 million, marking a 30.4% year-over-year increase. A report published by the Virginia Lottery showcases this growth.

The Hard Rock Bristol led the pack, generating $22.3 million in August, a substantial 40% increase from the $15.9 million earned last year. This growth extended to their table games and slots, with table games revenue rising by 40%, from $2.7 million to $3.7 million, and slot revenue skyrocketing by 40%, from $13.3 million to $18.6 million.

Rivers Casino Portsmouth also saw an uptick in revenues, with table games revenue increasing by 1.5%, from $7.5 million to $7.6 million. Slot revenue, however, witnessed a more significant surge, growing by 6.2%, from $19.2 million to $20.4 million. This resulted in a total revenue of $28.08 million, a 5.2% increase from $26.6 million the year prior.

Caesars Virginia, another major player in the Virginia casino scene, reported an impressive 68.4% year-over-year revenue increase. The casino generated $84.8 million last month, with table games revenue soaring by 64% from the year prior, reaching $7.9 million. The profits from slots increased by an astounding 70%, resulting in $26.5 million in earnings. The profits from table games, while lower than the previous year at $4.8 million, still represented a growth of 64%.

This impressive growth in Virginia's casino revenues is not limited to individual casinos. Statewide, table games revenue increased by 28.7%, from $14.9 million to $19.2 million. Slots, too, saw a significant year-over-year increase of 36.3%, with profits rising from $48.1 million to $65.6 million. Overall, this led to a statewide revenue increase of 30.4%.

Despite thorough research, there is no available data regarding the year-over-year revenue increase of The Hard Rock Bristol in Virginia in August compared to last year. Nonetheless, the overall trend of growth in Virginia's casino industry remains clear.

Virginia's casino earnings soared by 30.4% compared to the same period last year in August