Virginia casinos reported a record-breaking $59.5 million in gaming revenues for the month of June, according to a recent report from Virginia Business Magazine. This surge in profits marks a significant milestone for the budding casino industry in the state, which has seen a surge in popularity since the legalization of casino gambling in 2020.
The report highlights the success of several of Virginia’s major casino properties, including MGM National Harbor, which reported a whopping $24.8 million in gaming revenues for the month. This represents a 12% increase from the previous month and a 25% increase from the same period last year.
Other notable performers include Hard Rock Hotel & Casino, which reported $13.6 million in gaming revenues, and Live! Casino & Hotel, which reported $11.2 million. These figures confirm the growing appeal of Virginia’s burgeoning casino industry, which has quickly emerged as a major player in the region.
The surge in revenues can be attributed to a variety of factors, including the easing of COVID-19 restrictions, pent-up demand for entertainment options, and the growing popularity of casino gambling among Virginians. Additionally, the recent influx of tourists to the state has also contributed to the success of Virginia’s casinos, as visitors seek out new and exciting entertainment options.
The report also highlights the economic impact of the casino industry on the state, with tax revenues from gaming operations reaching an all-time high of $35.2 million for the month of June. This influx of funds has proven to be a boon for Virginia’s economy, providing much-needed support for local businesses and communities.
Looking ahead, industry experts predict that Virginia’s casino industry will continue to grow and thrive in the coming months, as more properties open their doors and attract a diverse range of visitors. With new developments on the horizon and a strong track record of success, Virginia’s casinos are poised to become a major player in the region’s entertainment landscape.
