Virginia Casinos Post $97.6 Million in August Revenue as iGaming Fight Heads to 2027

The Virginia Lottery reported Tuesday that the state’s five commercial casinos generated more than $97.5 million in adjusted gross revenue during August, with the properties paying just over $20.0 million in taxes to the state’s Gaming Proceeds Fund.

The report covers Hard Rock Bristol, Rivers Casino Portsmouth, Caesars Virginia in Danville, the Interim Gaming Hall Norfolk, and Live! Virginia in Petersburg — the five facilities currently licensed to operate in the state. Combined, they generated $75.8 million from slots and $21.8 million from table games, for a total adjusted gross revenue of $97.6 million.

Caesars Virginia in Danville posted the highest revenue of any Virginia casino in August, generating $33.1 million in adjusted gross revenue — $26.0 million from its 1,544 slot machines and $7.1 million from 88 table games.

Rivers Casino Portsmouth followed with $26.1 million in adjusted gross revenue, and Hard Rock Bristol brought in $22.9 million. Live! Virginia in Petersburg generated $14.3 million, while the Interim Gaming Hall Norfolk, the state’s smallest and newest operating facility, posted $1.1 million from its 132 slot machines. Norfolk does not yet offer table games.

Virginia taxes casino adjusted gross revenue on a graduated scale, and the five properties paid a combined $20.0 million in state taxes during August. Of that total, $6.3 million went to host cities, calculated at 6% of adjusted gross revenue for most properties and 7% for Hard Rock Bristol, whose host-city share is directed to the Regional Improvement Commission under state law.

The tax revenue also funded $160.2k for the Problem Gambling Treatment and Support Fund and $40.0k for the Family and Children’s Trust Fund, representing 0.8% and 0.2% of total tax collections, respectively. Because the Interim Gaming Hall Norfolk operates in partnership with the Pamunkey Tribe, an additional $11.3k from its tax payment was set aside for the Virginia Indigenous People’s Trust Fund. The remaining $13.5 million stayed in the Gaming Proceeds Fund, which the General Assembly allocates according to its own priorities.

While Virginia's five brick-and-mortar casinos keep posting steady monthly revenue, the state's effort to legalize online casino gaming remains stalled. The General Assembly adjourned its 2026 session on March 14 without reconciling competing versions of the legislation, killing any chance of iGaming launching in Virginia this year.

Sen. Mamie Locke's SB 118 and Del. Marcus Simon's HB 161 both passed their respective chambers but split over how to allocate tax revenue from a legalized market. SB 118 would have directed 89% of iGaming tax proceeds to the state's general fund, while HB 161 sent 95% to a newly created Modern Public Education Fund. Both bills proposed taxing online casino revenue at 20%, plus an additional 6% earmarked to compensate the state's land-based casinos for potential revenue loss. A conference committee failed to resolve the differences before lawmakers adjourned.

Both bills also included reenactment clauses requiring a second vote of approval in a subsequent session before the legislation could take effect, a mechanism lawmakers had built in as a safeguard given the scope of the change. With no compromise reached in 2026, that timeline resets: legislators are expected to reintroduce iGaming legislation when the General Assembly convenes for its next session in January 2027, setting up another round of negotiations over how a legal online casino market would be taxed and regulated in the Commonwealth.