You can bet on Danville to be your new favorite place

From May 15, 2023, when the temporary Danville Casino opened in a tent at Schoolfield, through February, Danville has brought in $27.1 million in gaming-tax revenue from Caesars Virginia. The full Caesars Virginia casino resort opened Dec. 17.  That amount does not include direct payments from Caesars Virginia under its agreement with the city of Danville. According to the latest casino activity report from the Virginia Lottery, Caesars Virginia brought in a record-breaking $31.1 million in gaming revenue in February, resulting in nearly $1.9 million in gaming tax revenue for the city. Gaming revenue for the casino last month included about $21.5 million from slots and about $9.6 million from table games, according to the report.  So, if you’re wondering whether it was a good bet for Danville to open a fabulous casino by the river – the answer is YES. Danville is improving and growing in leaps and bounds due to the revenue that Caesars has brought and is still bringing to the city of Danville, Virginia.

See also 1.35 Billion Investment In Danville

For 2023-24, the city rang up about $20.6 million in gaming-tax revenue. Money that year went to:

• City operations ($4.57 million).
• Community health ($0).
• Economic Opportunity ($3.4 million).
• City infrastructure ($1 million).
• Long-term financial stability ($5.6 million).
• Public education ($2.8 million).
• Public safety ($1.29 million).
• Quality of housing ($884,532).
• Quality of life ($1 million).

During 2023-24, that money covered key items including expansion of the city’s tourism program (about $508,000), purchase of property in the city’s historic districts ($200,000), historic enhancement grants ($225,000), an economic development incentive for Litehouse Foods ($144,480), recruitment of industries from other countries to the area ($100,000), studies and design for a parking deck at Lynn Street ($330,000), renovations and maintenance to the visitor center ($245,000), among other items.  

Money from gaming tax revenues budgeted for the current year includes:

• $4.5 million for operations.
• About $2 million for community health.
• $6.4 million for economic opportunity.
• $1.8 million for city infrastructure.
• About $2 million for long-term financial stability.
• $1.7 million for public education.
• $4.1 million for public safety.
• $700,000 for quality of housing.
• $1.4 million for quality of life.  

Vandola Crescent Community

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