A study found that a Richmond casino would generate about $300 million and 2,000 jobs. It would also reduce the number of new jobs by about 300. The General Assembly voted in 2020 to legalize casino gambling in five cities, including Richmond. The study estimates that all four casinos would earn about $55 million less if Petersburg were to open a casino. A Petersburg casino also reduces revenue from historical horse racing operations by $46 million. Virginia's state gaming tax revenues would rise from $103.5 million to $115.8 million with a Casino in Petersburg and to to more than $130 million if an additional casino opened in Richmond, but those totals include reduced revenues at the other four.