Last year the General Assembly passed a bill allowing casino gambling, giving five cities the option to vote for a casino proposal. Voters in Norfolk, Portsmouth, Danville, and Bristol all approved casino projects in referendums. The Virginia Lottery will regulate the new casinos, which have gambling activities legally different from existing institutions like Rosies.
A rendering of the development proposed by the Pamunkey Indian Tribe, which is one of six groups hoping their proposal is referred to the Richmond City Council. Credit Pamunkey Indian Tribe
A New Orleans-based consultant group, Convergence Strategy Group, estimated new tax revenue from the casino could be $30 million a year, based off estimates of gaming taxes and other taxes. They estimated gaming revenues could be between $270 million and $285 million, and estimates regarding