Rivers Casino Portsmouth reports $20M in revenue in October, weakest month since opening
PORTSMOUTH, Va. (WAVY) — Rivers Casino Portsmouth reported just over $20 million in revenue from October, according to the Virginia Lottery’s monthly casino activity report.
The $20,039,678 is the lowest monthly figure since the casino opened back in January 2023, but not that much lower than its peak of nearly $25 million from its first full month of operations back in February. Revenue has steadily creeped down overall since then.
$14.3 million in October’s revenue came from the casino’s 1,461 slot machines and just over $5.7 million came from its 81 table games. Also with October’s revenue, Portsmouth’s city government raked in more than $1.2 million in tax money reserved for host cities.
The commonwealth’s two other casinos, Caesars Virginia in Danville and HR Bristol, earned $16.8 million and $12.7 million respectively.
Looking forward, we’ll see if the Virginia State Supreme Court’s decision in mid-October to ban so-called “skill games” in the commonwealth will have an effect on casino gambling going forward. Meanwhile Norfolk’s casino developers just recently submitted a “preliminary” site plan again to the City of Norfolk in an effort to get their casino off the ground.