In a major win for the state’s burgeoning casino industry, Virginia gaming revenues hit a record high of $59.3 million in July, according to the latest data released by the Virginia Lottery.
The impressive figures reflect a surge in activity at the state’s five operating casinos, which have quickly become popular destinations for both tourists and locals alike. The July revenue represents a 23% increase from the previous month, signaling a strong start for Virginia’s newly minted gaming market.
Leading the charge was the MGM National Harbor casino in Prince George’s County, which raked in an impressive $20.5 million in revenue for the month. The casino, which opened its doors just over a year ago, has quickly established itself as a major player in the mid-Atlantic gaming scene, attracting high rollers and casual gamers alike with its luxurious amenities and extensive gaming options.
Coming in close behind MGM National Harbor was the Live! Casino & Hotel in Richmond, which generated $15.9 million in revenue in July. The casino, which opened its doors in May, has quickly gained a loyal following thanks to its state-of-the-art gaming floor and diverse entertainment offerings.
Rounding out the top five were the Rivers Casino Portsmouth, the Rosie’s Gaming Emporium in Dumfries, and the Colonial Downs Rosie’s in New Kent. All three facilities saw solid revenue numbers in July, reflecting the strong demand for gaming options in the state.
The surge in gaming revenues comes as welcome news for Virginia officials, who have been eager to capitalize on the economic benefits of the state’s newly legalized casino industry. In addition to generating significant tax revenue for the state, the casinos have also created thousands of jobs and spurred investment in local communities.
Looking ahead, industry experts are optimistic about the future of Virginia’s gaming market, with several new casinos set to open in the coming months. The addition of these new properties is expected to further drive growth in the industry and solidify Virginia’s position as a major player in the regional gaming landscape.
Overall, the record-breaking gaming revenues in July are a testament to the strength and potential of Virginia’s burgeoning casino industry. With continued investment and innovation, the state’s gaming market is poised for even more growth and success in the months and years to come.