Revenue from historical horse racing (HHR) in Virginia was almost flat in June, a half-percentage point down from the same period in 2025. All the machines in question are owned by Churchill Downs.
However, when reported on a same-store basis (excluding three newly opened properties), revenue sank 12 percent. J.P. Morgan analysts attributed the declivity to the new temporary Cordish Gaming casino in Petersburg, with the nearby Richmond market particularly hard-hit.
Historical racing machines (HHRs) in Richmond lost a quarter of their income compared to 2025. Averaging $270 per HHR per day, the Richmond-area slot parlors reported $9.7 million in revenue, a 25.1 percent plunge…