Virginia casinos won a total of $75.2 million from their players in February 2025, which is a new record monthly high since the industry launched in 2023.
Of the three commercial casinos, Caesars Virginia in Danville took the biggest share, with a Gross Revenue Retention (GRR) of $31.1 million. This total means that Virginia has earned $13.5 million in taxes, some of which are allocated to host cities, treating problem gambling, and the Family and Children’s Trust Fund.
The $75.2 million taken by Virginia’s three commercial casinos combined is a new monthly record. It beats the previous benchmark, which was $74.91 million in December 2024.
We should note that these numbers show commercial casino GRR only. The revenue taken from Virginia sportsbooks is counted separately (unlike in many other states) and the figures are expected soon.
As Virginia’s newly thriving commercial gambling industry looks set to grow, this record will more than likely be smashed within the next few months of 2025. Before we speculate about the future, however, let’s focus on the here and now.
Here are the key facts from this record-breaking month:
Of the three brick-and-mortar casinos in Virginia, Caesars in Danville performed the best in February 2025. It had a total GRR of $31.1 million, which was up $2.6 million from January 2025, marking an increase of 9%.
This doesn’t come as too much of a surprise, as at $750 million, it was the most expensive of the three casinos to build. It’s home to 1,577 slot machines and 100 table games, which is more than its two competitors.
Speaking of its competitors, Rivers Portsmouth, which was the first VA casino to open its doors, notched a February GRR of $24.3 million. Meanwhile, the Hard Rock Hotel & Casino Bristol notched $19.7 million, marking a 7% month-to-month increase.
Below, we have compared Virginia’s three commercial casinos based on their February 2025 GRR, their month-to-month increase and the cost of construction. Additionally, we’ve included the number of slots and table games each one has.
| Casino resort | February 2025 GRR | Monthly increase | Opening date | No. of slots | No. of tables |
|---|---|---|---|---|---|
| Caesars Virginia | $31.1 million | 9% | December 2024 | 1,577 | 100 |
| Rivers Portsmouth | 24.3 million | -4% (decrease) | January 2023 | 1,417 | 84 |
| Hard Rock Hotel & Casino Bristol | $19.7 million | 7% | November 2024 | 1,484 | 73 |
As previously mentioned, Virginia’s casinos raised $13.5 million in taxes. 7% of this total is divided between the casinos’ host cities and gambling-related support funds as follows:
Virginia began its pathway to hosting an open and liberal commercial gaming industry back in 2020. In a statewide ballot, residents voted to approve commercial casino gambling. On the ballot, this was defined as including in-person slot machines, casino table games, and retail sports betting.
The Rivers Portsmouth was the first to open its doors in January 2023 and was followed by Hard Rock Hotel & Casino Bristol (November 2024), then Caesars Virginia (December 2024).
This is just the latest monthly record to be broken, and it feels like the Virginia gaming industry is just getting started. Two more commercial casinos are set to be ready by 2028, which would bring the state total to five. Additionally, moves have been made to approve a casino resort in Fairfax County, though that’s in its very early stages.
